(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).
|Address||55 Water Street 29th Floor, New York, New York 10041, US|
|Phone Number||(888) 534-1711|
|View Prospectus:||Justworks, Inc.|
|Revenues||$1007.8 mil (last 12 months)|
|Net Income||$6.1 mil (last 12 months)|
|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|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|