Paycor Hcm Sets Ipo Terms, To Be Valued At Up To $3.6B

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Paycor HCM has set terms of its initial public offering, as the Ohio-based human capital management software company looks to raise $388.5 million. The company disclosed Monday that it will offer 18.5 million shares in the IPO, which is expected to price between $18 and $21 a share. With about 171.3 million shares outstanding expected the expected IPO pricing could value Paycor at up to $3.60 billion. The stock is expected to list on the Nasdaq under the ticker symbol "PYCR." There are 14 underwriters of the IPO, led by Goldman Sachs and J.P. Morgan.

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