Human capital platform Justworks goes public

Justworks, a cloud-based software platform that gives small and medium-sized businesses access to benefits, payroll, human resources, and compliance support, has launched its initial public offering (IPO).

The IPO will comprise 7 million shares of Justworks Class A common stocks on the Nasdaq Global Select Market under the symbol JW. The shares are expected to be priced between $29 and $32 each.

Goldman Sachs & Co, J.P. Morgan, and BofA Securities are acting as joint lead managing bookrunners for the proposed offering. Baird, Piper Sandler, Raymond James, Stifel, William Blair, and Siebert Williams Shank are also acting as bookrunners for the proposed offering.

Justworks said it drives economies of scale for small and medium-sized businesses, enabling attractive cost savings and

Justworks’ mission is to help entrepreneurs and businesses grow with confidence. The company strives to do this with a simple platform, expert support, and access to corporate-level benefits that helps small and medium-sized business handle the “nitty-gritty” parts of running a business.

According to Justworks, over 8,000 customers across the US representing almost 140,000 worksite employees, as of November 30, 2021, trust Justworks as their human capital management platform.

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