PE-backed Paycom Software files for IPO

Paycom Software, which is backed by Welsh, Carson, Anderson & Stowe, has filed for an IPO. The number of shares to be offered as well as the pricing terms have yet to be set. The stock will list on the NYSE under the ticker symbol “PAYC.” Barclays Capital and J.P. Morgan Securities are the lead underwriters. Based in Oklahoma City, Paycom is a provider of HR services to businesses nationwide.

PRESS RELEASE

Paycom Software, Inc. (the “Company”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The Company has applied to list its common stock on the New York Stock Exchange under the symbol “PAYC.”
Barclays Capital Inc. and J.P. Morgan Securities LLC are acting as joint book-runners for the offering. Pacific Crest Securities LLC, Stifel, Nicolaus & Company, Incorporated and Canaccord Genuity Inc. are acting as co-managers.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: +1 888 603 5847, Email: Barclaysprospectus@broadridge.com); or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: +1 888 803 9204).
Although a registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, it has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Paycom
A leader in human capital management technology, Oklahoma City-based Paycom continues to revolutionize payroll and HR services for businesses nationwide. Its cloud-based technology houses a suite of products in a single application with payroll operating as its system of record. Backed by a one-to-one customer service model, Paycom serves businesses of all sizes and in every industry. As one of the largest and fastest-growing human capital management providers, Paycom serves clients in all 50 states from 25 offices across the country.

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