CDAY News

• Driven by a surge in tech, all 5 IPOs traded up 30% or more (44% avg.) • Tech is by far the year's best IPO sector, averaging 30% vs. 4% for non-tech • AXA Equitable launched its $3.5 billion IPO, the largest since Alibaba in 2014 ...read more

Ceridian HCM Holding, which provides enterprises with human capital management software, raised $462 million by offering 21 million shares at $22, above the range of $19 to $21. Ceridian HCM Holding plans to list on the NYSE and TSX under the symbol CDAY. Goldman Sachs, J.P. Morgan, Credit Suisse, Deutsche Bank, Barclays, Citi, Jefferies, CIBC and Wells Fargo Securities acted as...read more

Six companies are scheduled to raise a combined $1.3 billion in the week ahead. Digital signature unicorn DocuSign (DOCU) headlines the week, combining high sales, fast growth and positive cash flow. It, Ceridian HCM (CDAY) and Smartsheet (SMAR) are each pitching their software platforms at $1+ billion valuations, ...read more

A wave of US tech IPOs has taken over the April IPO calendar. Five US tech companies are going public over the next 10 days, more than double the four that have IPO'd year-to-date. Those four average a 42% return from IPO, with stand-out returns from the three unicorns valued at over $1 billion. ...read more