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Latham & Watkins Advises on HireRight’s IPO

October 29, 2021
Firm represents underwriters in offering by the provider of comprehensive background screening, verification, identification, monitoring, and drug and health screening services.

HireRight has announced the pricing of its initial public offering of 22,222,222 shares of its common stock at US$19.00 per share. As part of the offering, the Company has granted to the underwriters a 30-day option to purchase up to an additional 3,333,333 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange on October 29, 2021 under the symbol HRT, and the offering is expected to close on November 2, 2021, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Michael Benjamin, and Adam Gelardi, with New York associates Kathleen Mehary and Autumn Dunn. Advice was also provided on benefits & compensation matters by New York partner Bradd Williamson, with Chicago associate Juliet Rognlie; on tax matters by Chicago partner Rene de Vera; and on data privacy & security matters by Washington, D.C. partner Jennifer Archie, London partner Fiona Maclean, and Washington, D.C. counsel Marissa Boynton, with Washington, D.C. associate Jimmy Smith and London associate Oscar Bjartell.