TriNet Prices Initial Public Offering
SAN LEANDRO, Calif., March 26, 2014 /PRNewswire/ -- TriNet Group, Inc. today 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. The shares are being offered by TriNet.
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.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on March 26, 2014. The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or from Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall Street, New York, New York 10005-2836, or via telephone at (800) 503-4611 or email prospectus.CPDG@db.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities referred to by this prospectus in any jurisdiction in which such an offer or solicitation is unlawful.
TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
SOURCE TriNet Group, Inc.