First Advantage Shares Fall 11% After $21.80 Offering Price

First Advantage shares fell 11% to $21.03 in morning trading after an underwritten secondary offering was priced at $21.80 a share. The stock remains up 60% over the past 12 months.

Today, 19:29· Money Talk· 563 reads

First Advantage Shares Fall 11% After $21.80 Offering Price

The offering covers 15 million shares sold by certain investment funds of Silver Lake Group and its affiliates. First Advantage is not selling shares and will receive no proceeds from the sale by the selling stockholder.

The offering is expected to close on or about Thursday.

First Advantage Shares Fall 11% After $21.80 Offering Price

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