First Advantage, which provides background checks and other services to corporate customers, raised $383 million by offering 25.5 million shares (22% from selling shareholders) at $15, the high end of the range of $13 to $15. The company had originally filed to sell 21.25 million shares (16% from selling shareholders) before increasing both the primary and secondary components of the deal.
First Advantage plans to list on the Nasdaq under the symbol FA. Barclays, BofA Securities, J.P. Morgan, Citi, Evercore ISI, Jefferies, RBC Capital Markets, Stifel, and HSBC acted as joint bookrunners on the deal.
