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Cloud-based payroll provider Paycom files for a $100 million IPO

March 10, 2014

Paycom, which provides on-demand payroll and human capital technology services, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Oklahoma City, OK-based company, which was founded in 1998 and booked $108 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol PAYC. Paycom initially filed confidentially on December 9, 2013. Barclays and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.