TriNet HR Company IPO Jumps on First Day of Trading

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TriNet HR Company IPO Jumps on First Day of Trading

TriNet HR Company IPO Jumps on First Day of Trading
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TriNet HR Company IPO Jumps on First Day of Trading

by TheStreet.com Videos 2:33 mins

TriNet is a human resources solution company for small to medium sized businesses. The company priced its shares at $16 and immediately traded over 15% higher. CEO Burton Goldfield told TheStreet's Debra Borchardt the company is seeing high demand from New York's booming tech sector and new financial businesses. He continues to see demand from Silicon Valley. When asked about the high level of debt, he attributed it to the many acquisitions.

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