Paylocity Prices 3.74M Share Offering @$29.75/Share

Paylocity Holding Corporation (Nasdaq: PCTY) today announced the pricing of a secondary offering by certain Paylocity stockholders offering an aggregate of 3,740,000 shares at a price to the public of $29.75 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 561,000 shares of common stock from the selling stockholders. Paylocity will not receive any proceeds from the sale of the shares by the selling stockholders. Deutsche Bank Securities Inc., BofA Merrill Lynch, William Blair & Company, L.L.C. and Stifel are serving as joint book-running managers for the offering. JMP Securities LLC, Raymond James & Associates, Inc., Needham & Company, LLC and First Analysis Securities Corporation are acting as co-managers. A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would See full press release