Ceridian HCM Holding Inc.

The Underwriters in connection with Ceridian HCM Holding Inc.'s IPO

Client

The Underwriters

Value

US$531 million

Service

Capital Markets

Date Closed

April 2018

Lead Office

Toronto


 

On April 30, 2018, Ceridian HCM Holding Inc. (Ceridian) announced that it had completed its initial public offering (IPO) of 24,150,000 shares of common stock, which included 3,150,000 shares of common stock issued pursuant to the exercise by the underwriters of their over-allotment option. The offering was priced at US$22.00 per share, resulting in gross proceeds of US$631,300,000 when combined with the concurrent US$100.0 million private placement and before deducting underwriting discounts and commissions and other offering expenses payable by Ceridian.

Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse and Deutsche Bank Securities acted as joint lead book-running managers.

Ceridian is a global human capital management software company and is the largest technology company (by initial market capitalization) to ever IPO in Canada.The IPO is also among the 25 largest corporate IPOs in Toronto Stock Exchange history.

Osler, Hoskin & Harcourt LLP represented the underwriters in Canada with a team that included Desmond Lee and Rosalind Hunter (Corporate/Securities) and Tim Hughes (Tax).


Team
Desmond Lee

Desmond Lee

Partner, Corporate

Rosalind  Hunter

Rosalind Hunter

Partner, Corporate

Timothy  Hughes

Timothy Hughes

Partner, Taxation