Paycor HCM has set targets for its first public offering, as Ohio's economic management software company is looking to raise $ 388.5 million. The company announced on Monday that it would offer 18.5 million shares in the IPO, which is expected to cost between $ 18 and $ 21 per share. With an estimated 171.3 million shares the expected IPO prices could cost Paycor up to $ 3.60 billion. The stock is expected to be listed on the Nasdaq under the tick "PYCR." There are 14 IPO writers, led by Goldman Sachs and JP Morgan. The company recorded a loss of $ 90.2 million in revenue of $ 327.9 million in the financial year ended June 30, 2020, after a loss of $ 88.5 million in revenue of $ 201.9 million in 2019. The company is looking to go public at a time when the Renaissance IPO ETF IPO, -1.26% averaged 0.9% in the last three months and the S&P 500 SPX, 0.27% gained 5.9%.
0 Comments