Justworks, Inc.

General Information
Business:

(Note: Justworks, Inc. 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.)

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.

Industry: PREPACKAGED SOFTWARE
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 $1904.12mil
Revenues $982.7 mil (last 12 months)
Net Income $106.1 mil (last 12 months)
IPO Profile
Symbol JW
Exchange NASDAQ
Shares (millions): 7.0
Price range $29.00 - $32.00
Est. $ Volume $213.5 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: Postponed
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change