Sterling Check Publicly Trades for the First Time, Raising $377 Million

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Sterling Check Stock Fair Value – Sterling Check ($NASDAQ:STER), a provider of personnel screening and verification products and services, went public in September 2021, raising $377 million in gross proceeds from an IPO that priced at $23 per share. The company’s products and services are used by a variety of businesses, including employers who need to verify the identity and qualifications of job applicants, and landlords who need to verify the identity of potential tenants. The firm’s share price has been volatile since its IPO, but at the current level of around $20, STER may be a good investment for those with a patient time horizon.

The company’s products and services are in high demand, and its customer base is growing. In the long run, Sterling Check is likely to continue to grow and be a profitable investment.

Share Price

Monday was a big day for Sterling Check, as the company went public for the first time. The move raised $377 million, though so far the media coverage has been mostly negative. On Monday, STERLING CHECK stock opened at $20.2 and closed at $20.3, up by 1.7% from the previous closing price of 20.0. It remains to be seen how the company will fare in the long run, but for now, it looks like it is off to a decent start.

VI Analysis – Sterling Check Stock Fair Value Calculator

The intrinsic value of a stock reflects the company’s long-term potential. The VI Line app makes it easy to see a company’s fundamentals and calculate its intrinsic value. For example, the intrinsic value of STERLING CHECK shares is around $22.5. The stock is currently traded at $20.3, which is a fair price but still undervalued by 10%.

VI Peers

The competition among Sterling Check Corp and its competitors is intense. Scryb Inc, Rackspace Technology Inc, and Way 2 Vat Ltd are all jockeying for position in the market, and each company has its own strengths and weaknesses. Sterling Check Corp has a strong reputation for customer service and a wide array of products, while Scryb Inc has a more limited product line but offers competitive prices. Rackspace Technology Inc is known for its innovative products and services, while Way 2 Vat Ltd has a more traditional approach to business.

– Scryb Inc ($OTCPK:SCYRF)

Scryb Inc is a publicly traded company with a market capitalization of $16.73 million as of 2022. The company has a negative return on equity of 105.94%. Scryb Inc is engaged in the business of providing online marketing and advertising services.

– Rackspace Technology Inc ($NASDAQ:RXT)

Rackspace Technology, Inc. is an American managed cloud computing company based in San Antonio, Texas. The company offers a suite of cloud computing services, including managed hosting, cloud computing, and cloud storage. Rackspace was founded in 1998 and went public in 2008. As of 2018, it employed over 4,000 people.

– Way 2 Vat Ltd ($ASX:W2V)

Way 2 Vat Ltd is a company that provides VAT services. It has a market cap of 4.83M as of 2022. The company was founded in 2006 and is headquartered in London, United Kingdom.

Summary

If you’re looking to invest in Sterling Check, you’ll want to keep an eye on the company’s public debut. The company raised $377 million in its initial public offering, and so far, media coverage has been mostly negative. However, if you believe in the company’s long-term prospects, then investing in Sterling Check could be a wise move.