SAN MATEO, Calif.--(BUSINESS WIRE)--Aug. 13, 2013--
WageWorks, Inc. (NYSE: WAGE) today announced the pricing of its
follow-on public offering of 2,968,276 shares of its common stock at a
price to the public of $40.45 per share. The selling stockholders are
selling all of the shares of common stock in this offering. The
underwriters have an option to purchase a maximum of 445,241 additional
shares from the selling stockholders identified in the prospectus
supplement for this offering to cover overallotments, if any.
WageWorks will not receive any proceeds from the sale of shares to be
offered by the selling stockholders. The principal purposes of this
offering are to facilitate an orderly distribution of shares for the
selling stockholders and to increase WageWork’s public float.
William Blair & Company, L.L.C. and Stifel, Nicolaus & Company,
Incorporated are serving as joint book-running managers for the offering.
A registration statement relating to these shares of WageWorks common
stock became automatically effective when filed with the Securities and
Exchange Commission. This offering is being made only by means of a
prospectus supplement and a prospectus forming part of the effective
registration statement. A copy of the final prospectus supplement and
prospectus for the offering may 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, California 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 may 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
Source: WageWorks, Inc.
Investor Relations Contact:
Britta Meyer, 650-577-5208