TriNet prices initial public offering
27/03/2014 13:41
TriNet Group, Inc. announced the pricing of its initial public offering of 15,000,000 shares of common stock at a price to the public of USD 16.00 per share. The shares are being offered by TriNet. The shares are expected to commence trading on March 27, 2014 on the New York Stock Exchange under the symbol "TNET." In addition, the underwriters have been granted a 30-day option to purchase up to 2,250,000 shares of common stock from stockholders affiliated with General Atlantic LLC. TriNet will not receive any proceeds from any sale of shares by such stockholders. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering and as representatives of the underwriters. Jefferies LLC, Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C. are acting as co-managers of the offering.
27/03/2014 13:41
TriNet Group, Inc. announced the pricing of its initial public offering of 15,000,000 shares of common stock at a price to the public of USD 16.00 per share. The shares are being offered by TriNet. The shares are expected to commence trading on March 27, 2014 on the New York Stock Exchange under the symbol "TNET." In addition, the underwriters have been granted a 30-day option to purchase up to 2,250,000 shares of common stock from stockholders affiliated with General Atlantic LLC. TriNet will not receive any proceeds from any sale of shares by such stockholders. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering and as representatives of the underwriters. Jefferies LLC, Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C. are acting as co-managers of the offering.
