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.
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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