Justworks, Inc.

General Information

(Note: Justworks, Inc. withdrew its IPO in an SEC letter dated July 13, 2022. The company had filed to go public (S-1) on Dec. 16, 2021. Justworks postponed its IPO on Jan. 12, 2022, “due to market conditions” – hours ahead of when the IPO was scheduled to price for a debut on Jan. 13. The postponed IPO was set for 7 million shares at $29 to $32 to raise $213.5 million. In March 2022, the company revived its IPO with a new filing that did not include terms.)

Justworks is a cloud-based software platform that gives small and medium-sized businesses (“SMBs”) access to benefits, payroll, human resources (“HR”) and compliance support — all in one place. We drive economies of scale via co-employment, enabling attractive cost savings for our customers and providing them a richer suite of benefits for their employees. We believe we are the first provider to combine this powerful demand aggregation dynamic with a simple, intuitive user experience and 24/7 expert support — enabling entrepreneurs and SMBs to grow with confidence. That is why over 8,000 customers across all 50 U.S. states representing almost 140,000 worksite employees (“WSEs”), as of Nov. 30, 2021, trust Justworks as their human capital management (“HCM”) platform.

**Note: For the nine months that ended Feb. 28, 2022, Justworks Inc. reported net income of $6.1 million on revenue of $1,007.8 million ($1.07 billion), according to the prospectus. These updated figures are shown in the chart below.

**Note: For the 12 months ended Nov. 30, 2021, Justworks Inc. reported net income of $3.4 million on revenue of $1,166.0 million ($1.17 billion).

Employees: 125800
Founded: 2012
Contact Information
Address 55 Water Street 29th Floor, New York, New York 10041, US
Phone Number (888) 534-1711
Web Address http://www.justworks.com
View Prospectus: Justworks, Inc.
Financial Information
Market Cap
Revenues $1007.8 mil (last 12 months)
Net Income $6.1 mil (last 12 months)
IPO Profile
Symbol JW
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $0.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ BofA Securities
CO-Managers Baird/ Piper Sandler/ Raymond James/ Stifel/ William Blair/ Siebert Williams Shank
Expected To Trade: 1/13/2022
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change