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TriNet Group, Inc prices initial public offering


Wednesday, 26 Mar 2014 07:30pm EDT 

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 $16.00 per share.Says 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. 

Company Quote

31.7
0.09 +0.28%
26 Dec 2014