Sterling Check, which provides background screening and identity verification software solutions, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Sterling Check offers comprehensive hiring and risk management solutions including identity verification, criminal background screening, credential verification, and drug and health screening, as well as processing of employee documentation required for onboarding and ongoing risk monitoring. The company completed over 75 million searches for over 40,000 clients, including over 50% of the Fortune 100 and over 45% of the Fortune 500.
The New York, NY-based company was founded in 2015 and booked $545 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol STER. Goldman Sachs, J.P. Morgan, Morgan Stanley, Baird, William Blair, KeyBanc Capital Markets, Nomura Securities, and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
