• Sun. Aug 14th, 2022

JustWorks withdraws plan for IPO, six months after setting terms to be valued at up to $2 billion

Byanna

Jul 13, 2022 , , ,
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JustWorks Inc. filed Wednesday to withdraw its plans for an initial public offering, about seven months after the profitable human resources software company filed to go public and six months after setting IPO terms. The withdrawal comes at a time of relative investor disdain for IPO shares, as the Renaissance IPO ETF has plunged 47.0% year to date through morning trading Wednesday, while the S&P 500 has shed 20.8%. The company filed an S-1 to go public in mid-December, with heavyweights Goldman Sachs, J.P. Morgan and BofA Securities as the lead underwriters. Then on Jan. 4, JustWorks said it expected to raise up to…



Image and article originally from www.marketwatch.com. Read the original article here.