Tuesday, July 10, 2007

HireRight Sets IPO Terms

Irvine-based HireRight, a provider of employment screening software and services, said in a filing with the SEC Tuesday that it expects to price its initial public offering at between $15.00 and $17.00 per share. HireRight is looking to offer up to 4.375M shares on the Nasdaq Global Market under the symbol "HIRE", in an IPO underwritten by Credit Suisse, Robert W. Baird & Co., CIBC World Markets, Piper Jaffray, and William Blair & Company. HireRight is venture backed by Baird Venture Partners, DCM, Hewitt Associates, Mellon ventures, and Split Rock Partners.