Benefitfocus reports plans to price initial public offering of stock

Goldman Sachs, Deutsche Bank and Jefferies are joint bookrunners

By Devika Patel

Knoxville, Tenn., Aug. 14 - Benefitfocus, Inc. will conduct an initial public offering of its common stock with a greenshoe option, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.

Goldman Sachs & Co., Deutsche Bank Securities and Jefferies are the joint bookrunning managers. Canaccord Genuity, Piper Jaffray and Raymond James are the co-managers.

Proceeds will be used for working capital purposes and other general corporate purposes.

Based in Charleston, S.C., the company provides cloud-based benefits software services for consumers, employers, insurance carriers and brokers. It intends to list its common stock on the Nasdaq under the symbol "BIND."

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