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

Editors Pick
Amazon.com Inc. (AMZN) Thursday reported an increase in profit for the third quarter, driven largely by revenue growth, especially at Amazon Web services. However, shares of the online retailer dropped nearly 5 percent in extended session after its profit fell short of Wall Street estimates. The midpoint... Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported a jump in third-quarter profit, largely driven by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations. Alphabet's third-quarter profit rose to $5.06 billion... Despite scandals and the negative impact from last decade's financial crisis, some of the world's largest banks have emerged stronger than before. According to the latest list from Relbanks.com, Chinese banks continued to dominate the global rankings in 2016 for the biggest banks by assets. However,...
comments powered by Disqus
Follow RTT