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Paycor investors selling $400 million in stock

Oct 18, 2021 - Cincinnati Business Courier

Shareholders are selling about $400 million in Paycor HCM Inc. just three months after the Norwood-based company went public.

Private equity owners of payroll and human resources company Paycor (Nasdaq: PYCR) are selling 12 million shares at $32 a share, according to Securities and Exchange Commission filings. That puts the value of the sale at $384 million. But the sale includes underwriters' option to sell another 1.8 million shares if there's enough market demand. That would lift the to...