alarm:clock

ASP - Wednesday, August 8, 2007

HireRight Shares Dip In IPO Opener

hirerite logo.png
HireRight (HIRE.O) shares opened at $15 per share but have fallen over 6% so far to around $14. This after it had priced at the low end of its proposed $15-$17 range.The company surely wishes that it had done the IPO last month when general market conditions were more favorable.

Irvine, CA-based HireRight does applicant background checks and drug screening for employers. For the three months ended March 31, HireRight reported earnings of $153K after paying preferred dividends, on total sales of $16M.

Credit Suisse Securities, Robert W. Baird, CIBC World Markets, Piper Jaffray and William Blair are underwriters for the IPO. HireRight's shares are listed on the Nasdaq Stock Market under the symbol "HIRE."

Post a comment




Remember Me?


More Recent Articles

ThumbThe End Is Near, Or Is It?

Friday October 10, 2008

You know the economic situation isn't good when you have President George W. Bush on tv this morning trying to calm the investment world and then follow-up with Secretary of Treasury Henry Paulson in the afternoon. The staff at tech:stocker believes... Full Story

ThumbTrying To Find Some Positives In A Negative Market

Friday October 10, 2008

With another day of massive carnage in the market behind us, the staff at tech:stocker has been given the challenge of trying to find some hope for investors. Initially, we couldn't. But our editor insisted we offer something for our readers that wo... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet