Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, in connection with the initial public offering by Paycor HCM, Inc. (“Paycor”) of 21,275,000 shares of its common stock, inclusive of the underwriters’ full exercise of their option to purchase additional shares, which raised approximately $489 million in gross proceeds. The initial public offering closed on July 23, 2021.
Paycor is a leading Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses.
The Simpson Thacher team for this transaction included Art Robinson, Hui Lin and Ben Heriaud (Capital Markets); Andrew Blau and Garrick Ehlers (Executive Compensation and Employee Benefits); Karen Hsu Kelley (Public Company Advisory Practice); Sophie Staples and Abigail Hopper (Tax); Jennie Getsin (FINRA & Blue Sky); Michael Isby (Environmental); Genevieve Dorment, Corina McIntyre and Kate Mirino (IP); and Vanessa Burrows (Healthcare). Associate Anna Jarman also provided valuable assistance.