First Advantage Corporation

FA
NASDAQSpecialty Business Services

-13.0%

since IPO

IPO Price

$15.00

Current Price

$13.05

Return

-13.0%

Market Cap

$2.2B

IPO Date

Jun 23, 2021

Lockup End

Dec 20, 2021

Lockup Status

Lockup expired 1591days ago

Price Performance

Stock price vs IPO price over time (sample data)

Stock Price
IPO Price
Lockup End

Performance Summary

First Day
N/A
1 Month
N/A
3 Months
N/A
6 Months
N/A
1 Year
N/A
Since IPO
-13.0%

First Advantage Corporation (FA) — IPO Analysis

By Kian O Connor | Updated 4/29/2026

Company Overview

First Advantage Corporation (ticker: FA) specializes in human resources services while maintaining strategic capabilities in facilities management, positioning itself within the Specialty Business Services sector through cost efficiency and premium quality offerings. The company has developed its operations around scalable delivery model, creating market differentiation through specialized expertise and hybrid pricing model that supports sustainable growth and customer relationship development. The company completed its public offering on 2021-06-23, accessing capital markets during sustainability requirement increases within the Specialty Business Services landscape. The IPO timing reflected the company's strategic positioning and growth trajectory, with market reception emphasizing management's execution capabilities and the company's approach to human resources services as key value creation drivers in an evolving competitive environment. Post-IPO trading performance has demonstrated mixed market reception as investors assess business model adaptation and strategic positioning within industry trends. Market assessment focuses on the company's cost efficiency and strategic emphasis on facilities management as indicators of long-term competitive positioning within the Specialty Business Services sector, with investors evaluating operational execution and market opportunity capture relative to industry development trends. The lockup period expires March 13, 2022, providing market insights into management and early investor confidence in strategic direction and competitive positioning. Given the company's focus on human resources services and emphasis on scalable delivery model, insider trading decisions will likely reflect assessments of execution progress, competitive dynamics, and growth opportunity realization within the evolving Specialty Business Services market landscape.

Performance Overview

Since going public at $15.00 per share on Jun 23, 2021, First Advantage Corporation shares have declined 13.0%, disappointing investors who participated in the IPO. The stock currently trades at $13.05, giving the company a market capitalization of $2.2B.

Lockup Expiration

The lockup period for First Advantage Corporation expired 1591 days ago on Dec 20, 2021. Insiders and early investors are now free to sell their pre-IPO shares. The post-lockup trading period is often volatile as the market absorbs any additional supply from insider selling.

Industry Context

First Advantage Corporation operates in the Specialty Business Services sector, which has seen varied IPO activity in recent years. The company is headquartered in the United States and is classified under SIC code . Understanding the competitive landscape and sector dynamics is essential for evaluating the long-term prospects of any newly public company in this space. Investors should consider broader market conditions, sector-specific trends, and company fundamentals when assessing FA as an investment.

Trading History

First Advantage Corporation is actively trading in the public markets with a current share price of $13.05. The company went public at $15.00 per share, representing a decline of 13.0% from the initial offering price. With a current market capitalization of $2.2B, First Advantage Corporation continues to establish its presence as a publicly traded entity in the Specialty Business Services.

Important Disclaimer

This analysis of First Advantage Corporation (FA) is provided for informational purposes only and should not be construed as investment advice. All data is sourced from SEC EDGAR filings and public market feeds. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions. IPOLockup.io is an independent research platform with no financial interest in any of the companies covered.

Insider Selling Activity

Estimated insider trading activity around lockup expiry period (sample data)

2
Pre-Expiry Average
Minimal
84
Expiry Day
Very High
59
Post-Expiry (30d)
High

Activity Heatmap

60 days before/after lockup expiry
Intensity Scale:
Minimal
Low
Moderate
High
Very High
Lockup Expiry

About This Data

This heatmap shows estimated insider selling activity based on typical patterns around lockup expiry periods. Actual data would be derived from SEC Form 4 filings. Higher intensity indicates more insider transactions, which may correlate with increased selling pressure and potential stock price volatility.

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