TriNet prices IPO at $16

TriNet's (TNET) IPO price is at the middle of a $15-$17 range, and spells a $1.09B valuation. The HR outsourcing firm raised $240M by selling 15M shares.

Excluding insurance costs, TriNet had 2013 revenue of $418M (+54% Y/Y) to go with net income of $13.1M.

Prospectus, IPO analysis

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