Renaissance Capital logo

Justworks Postponed, Nasdaq: JW

Provides an outsourced payroll and human resources software platform to SMBs.

Industry: Technology

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Technology

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 November 30, 2021, trust Justworks as their human capital management (“HCM”) platform. Our platform is designed for SMBs with under 100 employees, a typically underserved portion of the market, yet we often retain larger customers as they scale. Our product-market fit, award-winning support, and brand affinity within this segment of the SMB market has enabled us to establish a 5-year historical average Net Promoter Score® (“NPS”) of 58% for the fiscal year ended May 31, 2021, as compared to a 5-year historical average HR services industry NPS of around 16%, according to the ClearlyRated 2021 NPS Benchmarks for HR Service Providers.
more less
IPO News for Justworks
more
IPO Data
IPO File Date 12/16/2021
Offer Price
Price Range $29.00 - $32.00
Offer Shares (mm) 7.0
Deal Size ($mm) $214
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $29.00 - $32.00
Offer Shares (mm) 7.0
Deal Size ($mm) $214
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters New York, NY
Founded 2012
Employees 681
Website www.justworks.com