Sterling Check (STER) IPO Opens Higher

Today's IPO for Sterling Check Corp. (NASDAQ: STER) opened for trading at $27 after pricing 14,285,000 shares of common stock at a price to the public of $23.00 per share.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley are acting as lead book-running managers for the offering. Baird, William Blair, KeyBanc Capital Markets, Wolfe | Nomura Strategic Alliance and Stifel are acting as book-running managers for the offering. ING and R. Seelaus & Co., LLC are acting as co-managers for the offering.

Sterling — a leading provider of background and identity services — offers background and identity verification to help over 40,000 clients create people-first cultures built on a foundation of trust and safety. Sterling’s tech-enabled services help organizations across all industries establish great environments for their workers, partners, and customers. With operations around the world, Sterling conducts more than 75 million background checks annually.

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