Thursday, May 10, 2012

WageWorks Debuts In IPO

San Mateo-based WageWorks, which provides health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and commuter benefits and other programs for employers, priced its IPO last night at $9 per share, raising $58.5M for the firm. The firm is slated to trade on the NYSE as WAGE. WaveWorks is backed by VantagePoint, Advent International, Camden Partners, and others. The firm was trading around $10.00 per share in morning trading.