Sterling Check Corp. /zigman2/quotes/229432454/composite STER +0.46% is set to go public Thursday, as the New York-based background and identity verification services company's initial public offering priced overnight at $23 a share, above the expected range of between $20 and $22 a share. The company raised $109.5 million by selling 4.76 million shares in the IPO, while selling shareholders raised $219.1 million through the sale of 9.53 million shares. The IPO pricing values the company at about $2.16 billion. The stock is expected to begin trading Thursday on the Nasdaq under the ticker symbol "STER." The company is going public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.22% has gained 5.4% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% has tacked on 3.6%.