Paycor HCM, which provides a SaaS human capital management platform for SMBs, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Paycor states that it is a leading Software-as-a-Service provider of human capital management (HCM) solutions for small and medium-sized businesses. Its suite of solutions enables organizations to streamline HCM and payroll workflows and achieve regulatory compliance while serving as the single, secure system of record for all employee data. Paycor serves over 28,000 customers across the US, primarily targeting companies with 10 to 1,000 employees.
The Cincinnati, OH-based company was founded in 1990 and booked $338 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol PYCR. Paycor HCM filed confidentially on February 25, 2021. Goldman Sachs, J.P. Morgan, Jefferies, Credit Suisse and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
