Seeking Alpha

Trinet Group flies on its IPO open

  • 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
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