Paylocity IPO Pops, Maintaining New-Issue Enthusiasm

By | March 19, 2014

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The Paylocity Holding (PCTY) IPO jumped Wednesday, setting the stage for nine more IPOs this week, as new issues remain hot. Paylocity priced at 17 on Tuesday evening, above its expected range, and opened at 31 on the Nasdaq Wednesday morning. In midday trading, the stock was at 25.52, up 50%. Paylocity is a cloud-based provider of payroll and human capital services software designed to help companies better manage their workforce. The company, Scalper1 News

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