WageWorks Files Registration Statement for Proposed Follow-On Offering

WageWorks WAGE, a leading provider of consumer-directed benefit programs in the United States, announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for a proposed follow-on offering of shares of its common stock. WageWorks and certain of its existing stockholders are proposing to sell an aggregate of approximately $100 million of WageWorks shares, including any shares to be purchased by the underwriters to cover overallotments. WageWorks will not receive any proceeds from the sale of the shares by selling stockholders. It is currently anticipated that approximately 80% of the WageWorks shares to be sold in the offering would be sold by certain of its existing stockholders and approximately 20% would See full press release