Paycor, which makes HR management software for SMBs, raises $426M in an IPO, selling shares for $23, above its $18-$21 range, giving it a valuation of $3.9B (Michael Hytha/Bloomberg)

Michael Hytha / Bloomberg:
Paycor, which makes HR management software for SMBs, raises $426M in an IPO, selling shares for $23, above its $18-$21 range, giving it a valuation of $3.9B  —  Software maker Paycor HCM Inc., backed by the private equity firm Apax Partners, raised $426 million in an initial public offering priced above a marketed range.