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Benefitfocus Inc Announces Pricing Of Initial Public Offering

Tuesday, 17 Sep 2013 11:25pm EDT 

Benefitfocus Inc announced the pricing of its initial public offering of 4,935,000 shares of its common stock at a price of $26.50 per share. The shares are expected to begin trading on the NASDAQ Stock Market under the symbol BNFT on September 18, 2013. Benefitfocus is offering 3,000,000 shares and selling stockholders are selling 1,935,000 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 740,250 additional shares of common stock at the initial public offering price. Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Jefferies LLC are acting as the book-running managers for the offering. Canaccord Genuity Inc., Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers. 

Company Quote

2.7 +10.82%
2:26pm EST