First advantage announces closing of upsized initial public offering and full exercise of underwriters' option to purchase additional shares

Atlanta, june 25, 2021 (globe newswire) -- first advantage corporation (“first advantage”), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced the closing of its upsized initial public offering of 29,325,000 shares of its common stock at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up to 3,825,000 additional shares of common stock. of the sold shares, 22,856,250 shares were sold by first advantage, and 6,468,750 shares were sold by certain existing stockholders of first advantage. the offering was upsized 20% from the number of offered shares at launch and priced at the top of the price range indicated at launch.
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