Paylocity, the United States based company which provides payroll services and human resource software solutions to small and mid-market clients and employees has filed for an initial public offering to raise up to $115 million.
The company is in filing with Securities and Exchange Commission and is planning to be listed on the NASDAQ exchange under the symbol PCTV. William Blair, Deutsche Bank and BofA Merrill Lynch are listed as joint bookrunners on the deal, according to NASDAQ and no pricing information were disclosed.
Paylocity has experienced growth in the last few years which has led the company to made in Deloitte's Technology Fast 500 list in 2013. The company has registered a sales of $91 million in 2013. Paylocity is one of the fastest growing telecommunication, technology, media, life sciences and clean technology companies in North America. Paylocity CEO Steve Beauchamp has utilized the company's technology and exceptional combination of services for the company's growth.
The company is in filing with Securities and Exchange Commission and is planning to be listed on the NASDAQ exchange under the symbol PCTV. William Blair, Deutsche Bank and BofA Merrill Lynch are listed as joint bookrunners on the deal, according to NASDAQ and no pricing information were disclosed.
Paylocity has experienced growth in the last few years which has led the company to made in Deloitte's Technology Fast 500 list in 2013. The company has registered a sales of $91 million in 2013. Paylocity is one of the fastest growing telecommunication, technology, media, life sciences and clean technology companies in North America. Paylocity CEO Steve Beauchamp has utilized the company's technology and exceptional combination of services for the company's growth.
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