Sterling IPO
Sterling is a leading provider of background screening, identity verification, and monitoring services for employers worldwide. The company serves clients across various industries helping them make informed hiring decisions through comprehensive screening solutions. Sterling went public to capitalize on the growing demand for employment screening services and compliance requirements.
Key Facts
| Industry | Human Resources Technology |
| Founded | 1975 |
| Headquarters | New York, NY |
| Employees | ~5,000 |
| Website | sterlingcheck.com |
| Funding | Public company (NYSE: STER) |
About Sterling
Sterling operates as a leading background screening and identity verification company, serving over 50,000 clients globally with technology-enabled screening solutions. The company provides comprehensive background checks, drug testing, occupational health screening, and identity verification services primarily to enterprise customers across industries like healthcare, financial services, retail, and transportation. Sterling went public in September 2021 and has built a dominant position in the background screening market through both organic growth and strategic acquisitions. The company's platform processes millions of screens annually and leverages AI and automation to deliver faster turnaround times while maintaining compliance with complex regulatory requirements across different jurisdictions.
IPO Status
Sterling went public in September 2021, listing on the NASDAQ under the ticker symbol STER. The IPO raised approximately $217 million with shares priced at $17 each, which was below the initially expected range of $19-$22. The stock faced challenges in public markets, declining from its IPO price amid broader market conditions affecting newly public companies. Like many companies that went public during the 2021 IPO boom, Sterling's stock performance has been volatile. The company continues to operate as a public entity, focusing on growth in the background screening market and expanding its technology capabilities. The stock trades on NASDAQ and is available to retail and institutional investors.
Competitors
Frequently Asked Questions
Does Sterling have a stock?
Yes, Sterling completed its IPO in September 2021, listing on the NASDAQ. The company has been publicly traded for over two years.
When is the Sterling IPO date?
Sterling already completed its IPO in September 2021, so there is no upcoming IPO date. The company has been publicly traded on the NASDAQ since then.
How can I buy Sterling stock?
You can buy Sterling stock through any broker that offers NASDAQ-listed stocks. The company trades under the ticker symbol STER on the NASDAQ exchange.
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