First Advantage slides as Silver Lake to cut stake
10/08/2026 22:01
BUZZ-First Advantage slides as Silver Lake to cut stake ** Employment background screening co First Advantage's FA.O shares down 6.7% at $22 post-market after secondary offering news
** Atlanta, Georgia-based FA says private equity firm Silver Lake to offload 12.5 mln shares
** JP Morgan acting as underwriter
** Prior to offering, Silver Lake owns about 89.56 mln of FA's ~171.75 mln shares outstanding, per LSEG data
** FA shares ended down 1.7% at $23.59 on Mon, trimming YTD gain to 62%
** 6 of 10 analysts rate the stock "strong buy" or "buy", 4 "hold"; median PT $27
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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First Advantage falls on Silver Lake's stake sale
Brief: First Advantage Corporation Registers 87.45 Million Shares For Resale By Selling Stockholder
First Advantage slides as Silver Lake to cut stake