WageWorks IPO watch: The California-based on-demand software provider WageWorks will probably land on the New York Stock Exchange under the ticker symbol “WAGE” on May 9, 2012. The company will sell 6.5 million shares of common stock in its public offering. The latest WageWorks IPO price range is set at $10.00 to $12.00. Calculated by the ceiling of the WageWorks IPO price range, the maximum financing amount is $89.7 million. Also read: WageWorks saw its stock price surge 40% in the first day as a public company.
William Blair & Company and Stifel Nicolaus & Company are acting as the lead underwriters for the WageWorks IPO. JMP Securities and Needham & Company are working as the deputy underwriters on this deal. The underwriters have been granted an option to buy an additional 975,000 shares to cover over-allotments.
Read the related article about the WageWorks IPO.
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