Ceridian HCM prices IPO on New York, Toronto exchanges

Ceridian HCM Holding Inc has priced its initial public offering of 21 million shares on the New York Stock Exchange and Toronto Stock Exchange at US$22 per unit. The Globe and Mail reported the company is set to raise more than US$600 million. Concurrent with the IPO, Thomas H. Lee Partners and Cannae Investors, which acquired Ceridian in 2007 for US$5.3 billion, agreed to invest US$100 million more via a private placement. Ceridian, a Minneapolis, Minnesota-based human resources software and service solutions provider, is led by Canadian entrepreneur David Ossip.

DealsCanadaNorth AmericaBriefs