Justworks, a provider of human resources and payroll software, said on Tuesday that it expects to raise up to $2 billion in its initial public offering in the United States.
The company, which is backed by Bain Capital, said it would sell 7 million shares for $28 to $32 each. At the high end of the price range, Justworks would be worth $224 million.
Thrive Capital and Index Ventures are two more investors in Justworks. The company said in a filing that its shares will be listed on the Nasdaq under the symbol “JW.”
The New York-based startup, which was founded in 2012, helps small and medium-sized enterprises manage payroll, benefits, compliance, and human resources.
Goldman Sachs, J.P. Morgan and BofA Securities are the lead underwriters for the offering.
