Ceridian

Ceridian offers the software for personnel management (HCM) which by April, 2018 more than 3 thousand clients use, and the number of the covered active users exceeds 2.5 million. Main competitors of the company are Workday, Automatic Data Processing and Oracle.

Ceridian is considered one of the oldest technology companies in the USA. Under the leadership of David Osip (David Ossip) it turned from software developer for charge of salaries into the supplier of multifunction cloud services in the field of personnel management.

Performance Indicators

2017: Growth of revenue by 6.6% to $751 million

In 2017 revenue of Ceridian made $751 million, having increased by 6.6% of rather previous year. Net losses decreased to $9.2 million from $93 million the previous year.

History

2018: Entry into the exchange: attraction of $562 million and assessment of capitalization in $3 billion

On April 26, 2018 a trading in shares of Ceridian HCM Holding at the exchanges in New York and Toronto began. The company selected a ticker of CDAY which is assigned to it on both marketplaces.

Within IPO Ceridian sold 21 million shares at the price of $22 apiece that high range in $19-21 which the company called to investors earlier. Proceeding from this transaction the software maker was estimated within the IPO almost at $3 billion.

The software maker for personnel management of Ceridian went public

Private investment companies Thomas H. Lee Partners and Cannae Holdings also announced purchase of additional number of actions for $100 million within parallel private placement. Thus, Ceridian was succeeded to attract in total $562 million.

After the IPO at Thomas H. Lee there were 51% of stocks of Ceridian. The share of Cannae Holdings made 27%. Investment banks acted as organizers of listing Goldman Sachs and JPMorgan Chase.

With market capitalization in $3 billion Ceridian became the most expensive IT company ever placing the shares on the exchange in Toronto. Besides, this IPO was included into 30 first in volume attraction of financial resources on the Canadian platform.^[1]

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