Paycor HCM Reports Pricing Of Public Offering Of 8M Common Shares On Behalf Of Investment Funds Advised By Apax Partners At $20.15 Per Share
Portfolio Pulse from Benzinga Newsdesk
Paycor HCM announced the pricing of a public offering of 8 million common shares at $20.15 per share, sold by investment funds advised by Apax Partners. The offering includes 5.65 million shares from Pride Feeder, LP and 2.348 million shares from AIX Pride Syndication L.P.

March 07, 2024 | 11:04 am
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Paycor HCM's public offering of 8 million shares at $20.15 each could dilute current shareholders but may also provide capital for growth.
The public offering of shares by Paycor HCM, advised by Apax Partners, introduces additional shares into the market, which could potentially dilute the value of existing shares. However, the capital raised from this offering could be used to fuel the company's growth and expansion, potentially offsetting the dilutive effect in the long term. The immediate market reaction could be mixed, reflecting both the potential dilution and the benefits of raised capital.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100