- Another week, another strong cloud software IPO. After pricing its 7.045M-share IPO at $17 (above an expected range of $14-$16), Paylocity (PCTY) opened at $31 and is currently at $27.40, up 61%.
- The cloud HR/payroll software vendor sports a market cap of $1.34B, or 17x FY13 (ended June '13) sales. Paylocity's first-day showing could bode well cloud HR software firm Paycom's (PAYC) upcoming IPO.
- Prospectus, IPO preview
From other sites
at CNBC.com (Apr 25, 2014)
at CNBC.com (Apr 14, 2014)
at CNBC.com (Apr 9, 2014)
at CNBC.com (Mar 27, 2014)
at CNBC.com (Mar 26, 2014)
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