initial public offerings (IPOs) trading on American exchanges

Friday, March 28, 2014

TriNet (TNET) began trading on the NYSE on 27 March 2014

TriNet's 15.0M share IPO priced at $16.00 per share in the middle of the expected $15.00 to $17.00 range. With a volatile birth, TriNet opened at $18.50, quickly put in a low of $17.28, and then ended the day with a 19.4 percent gain at $19.21. The bookrunners were Deutsche Bank, J.P. Morgan and Morgan Stanley.

As a trusted HR partner for small businesses, TriNet provides critical HR solutions on an outsourced basis. The company's services include payroll processing, human capital consulting, employment law, compliance and employee benefits including health, insurance and retirement plans. Founded in 1988, the company is headed by Martin Babinec in San Leandro, California.


TriNet Group Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses (SMBs). The Company’s human resource (HR) solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by cloud-based technology platform, which allows its clients and their employees to efficiently conduct their HR transactions anytime and anywhere. As of December 31, 2013, the Company served 900 clients in 47 states, the District of Columbia and Canada. The Company offers clients a bundled solution that enables them to outsource their HR function to a single provider. In July 2013, the Company acquired Ambrose Employer Group, LLC.


Suite 400, 1100 San Leandro Blvd
United States 

Key stats and ratios

Q4 (Dec '13)2013
Net profit margin1.25%0.80%
Operating margin4.89%4.03%
EBITD margin-8.53%
Return on average assets1.82%1.13%
Return on average equity--

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