Aetna Inc. (AET) Financial News - IPO Preview: WageWorks
Aetna Inc. (AET)
IPO Preview: WageWorks
2011-08-03 03:01:27
Quote: or SHPS, Inc.; •Health insurance carriers, such as Aetna (AET) or UHC; •Human resources consulting firms, such as Aon Hewitt (AON); •Payroll providers, such as ADP (ADP) or Ceridian; •Small regional TPAs focused on CDBs; and •Commercial banks, such as Bank of America (BAC). INTELLECTUAL PROPERTY -- WAGE has one issued patent which expires in 2027. USE OF PROCEEDS -- The sale of 5.77 million shares by WAGE is expected to net $65.3 million.The IPO proceeds are allocated for working capital, including funding of customer obligations, and general corporate purposes, including further expansion of sales and marketing efforts, continued investments in technology and development and for capital expenditures. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours....Open whole article (external link)
