logo
Share SHARE
FONT-SIZE Plus   Neg

WageWorks Reports Pricing Of Follow-on Public Offering Of 5.63 Mln Shares At $24

WageWorks, Inc. (WAGE) announced the pricing of follow-on public offering of 5.63 million shares of common stock at $24.00 per share.

WageWorks is selling 500 thousand common shares and selling stockholders are selling 5.13 million shares in this offering.

The company stated that the underwriters have an option to buy a maximum of 844,667 additional shares from selling stockholders to cover overallotments.

WageWorks said that it will not receive any proceeds from sale of shares by the selling stockholders.

The proceeds of the primary portion of the offering will be used to provide additional working capital for WageWorks and general corporate purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT