Benzinga | Jul 21, 2021 06:35AM EDT

Paycor HCM Raised $425.5M Via IPO At $23 Per Share, Trading Begins Today

* Human Capital Management (HCM) software creator Paycor HCM Inc (NASDAQ:PYCR) priced 18.5 million shares at $23 per share in its initial public offering.

* The estimated gross proceeds from the IPO are $425.5 million.

* The shares are likely to begin trading on the Nasdaq under the ticker symbol "PYCR" today.

* The underwriters have a 30-day option to purchase additional shares up to 2.8 million.