HireRight Prices IPO

HireRight Inc., an Irvine, Calif.-based provider of on-demand employment screening solutions, raised $65.7 million via its IPO. The company priced 4.38 million common shares at $15 per share ($15-$17 range), for an initial market cap of approximately $168.33 million. It will trade on the Nasdaq under ticker symbol HIRE, while Credit Suisse served as lead underwriter. HireRight had raised around $35 million in VC funding from firms like DCM-Doll Capital Management (23.1% pre-IPO stake), Baird Venture Partners (7.1%), Mellon Ventures (29.2%) and St. Paul Venture Capital (20.9%). www.hireright.com