Credit: Shutterstock photoPaylocity, which provides cloud-based payroll and human capital management software, raised $120 million by offering 7.0 million shares (29% insider) at $17, above the $14 to $16 range. The company had originally filed to offer 6.7 million shares (25% insider), with all of the additional shares sold by existing shareholders. Paylocity will list on the NASDAQ under the symbol PCTY. Deutsche Bank, BofA Merrill Lynch and William Blair acted as joint bookrunners on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
