paycor hcm obnarodoval uslovija ipo na 361 mln dollarov fb1d853 Paycor HCM обнародовал условия IPO на 361 млн долларов 2

Paycor HCM Announces IPO Terms At 361 million dollars

12 July Paycor HCM, offering small and midsize businesses a SaaS platform for workforce management, announced the terms of the upcoming IPO.

Company headquartered in Cincinnati, Ohio, plans to attract 361 million dollars, releasing 18,5 million shares at a price of 18 to 21 dollars. New Investors Neuberger Berman, ClearBridge Investments and Franklin Templeton have expressed interest in acquiring shares in 150 million dollars (42% of the total size of the transaction). Taking into account the average price of the declared range, the total diluted market value of Paycor HCM will be 3,3 billion dollars.

Paycor representatives claim, that their company is a leading provider of software-as-human capital management services (Ho Chi Minh City) for small and medium businesses. Its suite of solutions enables organizations to streamline HCM and payroll workflows and meet regulatory compliance requirements, simultaneously acting as a single secure accounting system for all employee data. Paycor serves over 28 000 clients throughout the United States, mainly targeting companies with a headcount of 10 to 1000 human. As of 30 june 2020 financial year, this market segment accounted for 81% company revenue.

Paycor HCM was founded in 1990 year, and for 12 months, ended 31 Martha 2021 of the year, its revenue was 338 million dollars. The company plans to list on the stock exchange Nasdaq under the ticker PYCR. Goldman Sachs became the joint organizers of the share issue, J.P. Morgan, Jefferies, Swiss credit, Deutsche Bank, Baird, Cowen, JMP Securities, Needham, Raymond James, Stifel и Truist. The company plans to hold an IPO this week, which will start 19 july 2021 of the year.

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