Ceridian HCM Holding Inc., which went private in 2007 when it sold itself for $5.3 billion, plans to return to the public market with an initial public offering of stock of up to $200 million, according to a registration statement filed with the Securities and Exchange Commission.
Ceridian is a global workforce-management software company.
Its flagship platform, Dayforce, provides payroll, benefits and workforce-and-talent management services to more than 3,000 customers.
Dayforce revenue has grown at a compounded annual growth rate of more than 60 percent since 2012, according to the prospectus.
David Ossip, 51, the founder of Dayforce, became the CEO of the combined operation after Ceridian acquired Dayforce in 2012.
Ceridian, once known primarily as a payroll-processing company, has been broadened and deepened in the human capital management (HCM) business, according to the registration statement.
Ceridian lost $10.5 million in 2017, compared with $92.8 million in 2016.
Revenues rose 6.6 percent to $750.7 million last year.