4 Software Cos. Grab $1.2B In Flurry Of IPOs

Law360 (July 21, 2021, 5:19 PM EDT) -- Four software companies, led by human resources platform Paycor HCM, raked in a combined $1.16 billion before going public Wednesday, guided by the likes of Kirkland & Ellis, Simpson Thacher, Davis Polk and Cooley, with most surpassing projections.

Cincinnati-based Paycor HCM Inc., which is a software as a service company that provides payroll, benefit and employee management tools, was the largest of the pack. Latin American e-commerce platform VTEX, legal technology company CS Disco Inc. and on-demand video software provider Kaltura Inc. also joined the fray Wednesday.

Paycor HCM, which primarily works with small and medium-size businesses, raised $425.5 million by...

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