Trinet Group flies on its IPO open

|By:, SA News Editor

Shares of TriNet Group (TNET) open trading at $18.50 per share after the firm priced its IPO at $16.

The cloud payroll processor company has been tapped to see strong demand from investors. Revenue for TriNet soared last year, but profits declined amid a buying binge by the company in its sector.

SEC Form S-1