Outsourced HR solutions provider TriNet Group prices IPO at $16, midpoint of the range

By Renaissance Capital,

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TriNet Group, a provider of outsourced human resources services to small and medium-sized businesses, raised $240 million by offering 15 million shares at $16, the midpoint of its $15 to $17 range. The San Leandro, CA-based company, which is backed by private equity firm General Atlantic, serves 8,900 customers and booked $1.6 billion in total revenue in 2013. TriNet Group will list on the NYSE under the symbol TNET. J.P. Morgan, Morgan Stanley and Deutsche Bank acted as joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: TNET

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