WageWorks (WAGE) IPO Prices at $9, Below Expected Range
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WageWorks (NYSE: WAGE) priced its initial public offering of 6,500,000 shares of its common stock at a price to the public of $9 per share, below the expected $10-$12 range. Shares will open on the NYSE today under the symbol "WAGE."
William Blair and Stifel Nicolaus Weisel are serving as joint book-running managers for the offering, with JMP Securities LLC and Needham & Company, LLC, acting as co-managers.
WageWorks, Inc. is a leading provider of consumer-directed benefit programs in the United States. WageWorks administers and operates a broad array of products, including spending account management programs, such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and commuter benefits.
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William Blair and Stifel Nicolaus Weisel are serving as joint book-running managers for the offering, with JMP Securities LLC and Needham & Company, LLC, acting as co-managers.
WageWorks, Inc. is a leading provider of consumer-directed benefit programs in the United States. WageWorks administers and operates a broad array of products, including spending account management programs, such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and commuter benefits.
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Stifel Nicolaus, William Blair, Needham & Company, JMP Securities
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