Seeking Alpha

Paylocity prices IPO above expected range

  • Cloud-based provider of payroll and human capital management software solutions, Paylocity (PCTY) prices its IPO at $17 per share vs. the expected range of $14-$16. The company also lifts the offering size by nearly 400K shares to 7.045M shares.
  • At $17, the company market cap will be $832M, or about 9x sales.
  • IPO Preview
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