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
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT