Paylocity IPO Set To Go With Strong Demand For Stock

By | March 18, 2014

Scalper1 News

Paylocity (PCTY) is set to price its IPO late Tuesday and start trading Wednesday, with indications of strong demand for the stock. Paylocity is a cloud-based provider of payroll and human capital services software designed to help companies better manage their workforce. The initial public offering seeks to raise $100 million by selling 6.7 million shares at 14 to 16 a share. At the midpoint, the company would have a market value of $765 million. Scalper1 News

Scalper1 News