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SAN MATEO, Calif., June 19, 2017 -- WageWorks, Inc. (NYSE: WAGE) today announced the pricing of its follow-on public offering of 2,500,000 shares of its common stock at a price to the public of $69.25 per share. WageWorks is selling 1,954,852 shares of common stock, and certain of WageWorks’ existing stockholders are selling an aggregate of 545,148 shares of common stock, in the offering. WageWorks has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares.
WageWorks intends to use the proceeds of the primary portion of the offering will be used for general corporate purposes, including strategic acquisitions, channel partner arrangements, capital expenditures and operating costs. WageWorks will not receive any proceeds from the sale of shares by the selling stockholders.
William Blair & Company, L.L.C. and Stifel, Nicolaus & Company, Incorporated are serving as joint book-running managers for the offering, with JMP Securities LLC, Needham & Company, LLC and SunTrust Robinson Humphrey, Inc. acting as co-managers.
The offering is being made pursuant to an automatically effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying prospectus. These materials are available at no charge by visiting the SEC’s website at edgar.sec.gov. A copy of the prospectus supplement and accompanying prospectus may also be obtained from William Blair & Company, L.L.C. at 222 West Adams Street, Attention: Prospectus Department, Chicago, IL 60606, phone number (800) 621-0687, or from Stifel, Nicolaus & Company, Incorporated at One Montgomery Street, Suite 3700, San Francisco, CA 94104, phone number (415) 364-2720.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Investor Contact: Staci Mortenson ICR 203-682-8273 [email protected] Media Contact: Kimberly Wilford General Counsel 650-577-5209 [email protected]
