StocksMedium•9 November 2026•
1 min read
Silver Lake to Sell 15 Million Shares in First Advantage Secondary Offering
Key Facts
1First Advantage announced that investment funds affiliated with Silver Lake Group intend to offer 15 million shares of common stock for sale.
2The company will not receive any proceeds from the offering, as all proceeds will go to the selling stockholder.
First Advantage announced that investment funds affiliated with Silver Lake Group intend to offer 15 million shares of common stock for sale. According to a statement via GlobeNewswire, the company will not receive any proceeds from the offering, as all proceeds will go directly to the selling stockholder.
FA closed at $23.53 on November 6, 2026, after trading between a day low of $22.29 and a high of $23.77. The secondary offering represents a move by Silver Lake Group to liquidate a portion of its position in the company through an underwritten public offering.