PE-backed Paylocity debuts IPO

Paylocity has priced over 7 million shares of its IPO at $17 per share. The stock begins trading Wednesday on the NASDAQ under the ticker symbol “PCTY.” Deutsche Bank Securities, Merrill Lynch, Pierce, Fenner & Smith and William Blair & Company are the lead underwriters. Paylocity is a provider of payroll services and human resources solutions. It is backed by Adams Street Partners.


VC-backed Veeva launches secondary offering

Veeva Systems will launch a secondary public offering of its stock. The number of shares that will be sold have yet to be set. Morgan Stanley, Deutsche Bank Securities and J.P. Morgan Securities will serve as lead underwriters. Based in Pleasanton, Calif., Veeva Systems is a provider of cloud-based software solutions for the global life sciences sector. It is backed by Emergence Capital Partners.

Spirit Airlines Announces Sale of Common Stock by Oaktree

Spirit Airlines has announced the public offering of 9,394,927 shares of common stock by certain existing stockholders affiliated with Oaktree Capital Management. Upon completion of the offering, investment funds affiliated with Oaktree will own no shares of common stock of Spirit Airlines. The company will not receive any proceeds from this offering. Deutsche Bank Securities […]

New Underwriters for Brightsource

Four new underwriters are supporting the initial public offering of BrightSource Energy, a solar company, according to a new version of the company’s prospectus filed with regulators. Barclays Capital, Lazard Capital Markets, Robert W. Baird & Co. and Raymond James & Associates have joined the underwriting consortium, which is led by Goldman Sachs & Co., Citigroup Global Markets and Deutsche Bank Securities, the filing shows.

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