Market Overview

WageWorks Files Registration Statement for Proposed Follow-On Offering


WageWorks (NYSE: 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

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Posted-In: News Guidance Asset Sales


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