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
Chinese conglomerate Dalian Wanda is in talks to buy Dick Clark Productions, as the company aims to expand in to the US entertainment industry. According to reports, Dalian Wanda Group has started preliminary talks to buy Dick Clark Productions for a price of about $1 billion. Dick Clark Productions... Mortgage applications in the U.S. dropped 0.7 percent from last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, declined 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,... LendUp, an online lending startup, had to pay $6.3 million in fine for charging illegal fees and miscalculating higher interest rates. LendUp, which was earlier known as Flurish Inc., is supported by Google's venture capital arm GV and other venture capital firms in Silicon Valley. The California...
comments powered by Disqus
Follow RTT