Online payroll company Paylocity selects banks for 2014 IPO -sources

By Olivia Oran (Reuters) - Paylocity, an online payroll and human resources software company, has picked banks for an initial public offering that could come next year, according to two sources familiar with the matter. The Arlington Heights, Illinois-based company has hired Bank of America Corp, Deutsche Bank AG and William Blair to lead the deal which could raise around $100 million, the sources said. Paylocity and William Blair could not be reached for comment. Bank of America and Deutsche Bank declined to comment. ...



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