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Justworks plans to trade under the Nasdaq symbol JW.

Michael Nagle/Bloomberg

Justworks, a human resources software company, is moving forward with IPO plans.

Justworks filed an updated prospectus on Monday, about 10 weeks after postponing its January IPO. The company, with the new filing, did not reveal how many shares it would offer or their price range. This information will come with the next deposits. Justworks plans to trade under the Nasdaq symbol JW.

Goldman Sachs

JP Morgan

and BofA Securities are lead underwriters to the deal.

Justworks provides HR software to nearly 9,000 customers in the United States, including Axios Media, Mamava and Dean Technology. Its software gives small and medium-sized businesses access to benefits, payroll, human resources, and compliance assistance.

The prospectus offers something new. Justworks has provided unaudited financial guidance for the third quarter. The company expects to report total revenue of between $390.7 million and $399.5 million for the three months ended Feb. 28, up from the $286.2 million in total revenue it reported. generated for the same period in 2021, according to the prospectus.

It also expects third-quarter operating profit to be between $11.3 million and $12.5 million. Justworks generated $5.8 million in operating revenue for the same period in 2021

Justworks had planned to go public in January. The company has filed an application to sell 7 million shares at a price of between $29 and $32, according to a Jan. 4 prospectus. It was aiming for a valuation of nearly $2 billion with the IPO. The company chose to delay the IPO that month when the market for new issues slowed.

Inflation fears and the war in Ukraine halted IPOs this year. Only 74 companies had gone public as of March 21, raising about $12 billion, according to Dealogic. This compares to 355 offers for the same period in 2021; these transactions brought in $126.7 billion.

Since the postponement of its IPO, Justworks has opted to keep its prospectus updated with the Securities and Exchange Commission and wait for a better opportunity to go public, said a person familiar with the situation.

KinderCare Learning Companies, which delayed its IPO late last year, also filed an updated prospectus for an IPO earlier this month.

Write to Luisa Beltran at luisa.beltran@dowjones.com