HireRight Holdings, which provides tech-enabled background screening and identity verification services, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
HireRight states that it is a leading global provider of technology-driven workforce risk management and compliance solutions. The company provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services for more than 40,000 customers across the globe. Its customers range from large-scale multinational businesses to SMBs, and span a broad range of industries, including transportation, healthcare, and financial services. HireRight offers its services via a unified global software and data platform that integrates into customers' human capital management systems. In 2020, HireRight screened over 20 million job applicants, employees, and contractors for its customers.
The Nashville, TN-based company was founded in 1990 and booked $607 million in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol HRT. HireRight Holdings filed confidentially on June 14, 2021. Credit Suisse, Goldman Sachs, Barclays, Jefferies, RBC Capital Markets, William Blair, Baird, KeyBanc Capital Markets, Stifel, and Truist Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
