Ceridian Tops IPO Range To Get $462 Million

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By Alex Barinka, Bloomberg

Ceridian HCM Holding Inc., the software maker backed by Thomas H. Lee Partners, raised $462 million in its initial public offering.

The company priced 21 million shares at $22 apiece, above the $19 to $21 price range marketed to investors, according to data compiled by Bloomberg. The IPO gives Ceridian a market value of almost $3 billion, according to the number of shares to be outstanding after the offering and a concurrent private placement.”

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