Aetna Inc. (AET) Financial News - IPO Preview: WageWorks

Aetna Inc. (AET)

IPO Preview: WageWorks

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....
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Aetna Inc. Stock Summary

Aetna, Inc. operates as a diversified health care benefits company primarily in the United States and Canada. The company provides health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, and disability plans, as well as medical management capabilities and health care management services for Medicaid plans. It operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment provides medical, pharmacy benefits management, dental, and vision plans offered on both an insured basis and an employer-funded basis. Its medical products include point of service, preferred provider organization, health...