Paycor Announces Pricing of Initial Public Offering
Paycor HCM announced the pricing of its initial public offering (IPO) of 18,500,000 shares at $23.00 each, set to begin trading on Nasdaq under the ticker symbol PYCR on July 21, 2021. The IPO is expected to close on July 23, 2021, pending standard conditions. An additional 2,775,000 shares may be purchased by underwriters within 30 days. Goldman Sachs and J.P. Morgan are the lead managers for the offering, with a total of 12 firms involved in the process. The securities offering is registered with the SEC, highlighting compliance with federal laws.
- IPO priced at $23.00, providing capital for growth.
- Potential to raise additional funds through underwriter's option to purchase more shares.
- Strong backing from reputable lead underwriters Goldman Sachs and J.P. Morgan.
- Initial offering could lead to shareholder dilution if additional shares are issued.
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CINCINNATI, July 20, 2021 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Paycor) today announced the pricing of its initial public offering of 18,500,000 shares of its common stock at a price to the public of
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead bookrunning managers for the offering. Jefferies LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are also acting as book-running managers for the offering. Robert W. Baird & Co. Incorporated, Cowen and Company, LLC, JMP Securities, LLC, Needham & Company, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are acting as book-running managers for the offering. Fifth Third Securities, Inc. and Roberts & Ryan Investments, Inc. are acting as co-managers for the offering.
The offering of these securities is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866- 803-9204 or email at Prospectus-eq_fi@jpmchase.com.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
About Paycor
Paycor creates Human Capital Management (HCM) software for leaders who want to make a difference. Our HCM platform modernizes every aspect of people management, from the way you recruit, onboard and develop people, to the way you pay and retain them. But what really sets us apart is our focus on business leaders. For 30 years, we’ve been listening to and partnering with leaders, so we know what they need: HR technology that saves time, powerful analytics that provide actionable insights and dedicated support from HR experts. That’s why more than 40,000 medium & small businesses trust Paycor to help them solve problems and achieve their goals.
For More Information:
Media Relations:
Katy Bunn
(513) 338-2398
pr@paycor.com
Investor Relations:
Brian Denyeau
ICR, LLC
(646) 277-1251
ir@paycor.com
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