Arlington Heights software firm files for $115M IPO

SHARE Arlington Heights software firm files for $115M IPO
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Paylocity, a payroll and human resources software firm, has filed to make a $115 million initial public stock offering.

The Arlington Heights company provides cloud-based payroll and HR management software to about 6,850 businesses with up to 1,000 employees. It employs nearly 850 people.

The company, founded in 1997, was renamed Paylocity in 2005. The company wants to list shares on the Nasdaq market under the symbol “PCTY.”

h/t chicagobusiness.com

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