Looks like 2022 is the year of everyone’s New Year’s resolutions, including some pretty big goals… or should we say company’s resolutions. Hmmm. Another American-based company, Professional Employer Organization (PEO) — fancy terminology for HR — Justworks stated last Tuesday it was seeking a $2b valuation in a US IPO.
The HR software startup prides its ability to help you “run your business with confidence,” offering support with the administration of payroll, compliance, HR, and employee benefits. The startup, baked by Bain Capital, Thrive Cpaital, and Index Ventures, is aiming to offer 7 million shares selling between $28-32 apiece under the symbol of “JW.” The company, similar to TPJ, is looking to trade its hares on the Nasdaq.
Why it matters
It seems like the 2022 IPO roll call is off with strong attendance. Then again, did we expect anything less?