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
Saudi Arabia's oil major Aramco is reportedly planning to list its much hyped initial public offering on the Saudi stock market, Tadawu only. Earlier, the Dhahran-based Saudi Arabian national petroleum company was planning for a wider international listing. Following a disastrous week of public-relations fiascoes involving transportation of pets, United Airlines said Tuesday it is suspending its Petsafe program with immediate effect. PetSafe is United Airlines' specially designed program for transporting animals that are not eligible to travel in the aircraft cabin. The program offers airport-to-airport travel for animals to nearly 300 destinations. Chipotle Mexican Grill, the Mexican food-chain that continues to struggle from its food-borne illness scandal, on Tuesday said it has appointed Chris Brandt as its new Chief Marketing Officer to replace Mark Crumpacker, who resigned last week. Most recently, Brandt worked at Bloomin' Brands, where...
comments powered by Disqus
Follow RTT