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Benefitfocus files for secondary offering

Benefitfocus, Inc. (NASDAQ: BNFT) said it has filed a registration statement with the Securities and Exchange Commission for a proposed secondary offering of approximately USD100m worth of shares of common stock.

All of the shares to be sold in the offering will be sold by the Goldman Sachs funds that have been stockholders of the company since 2007. Benefitfocus will not receive any of the proceeds from the sale of the shares.

Goldman, Sachs and Co., Deutsche Bank Securities Inc. and Jefferies LLC will act as the book-running managers for the offering. Canaccord Genuity Inc., Piper Jaffray and Co. and Raymond James and Associates, Inc. will act as co-managers.

Benefitfocus is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers and brokers. For more information, visit


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