September 22, 2015

 

VIA EDGAR

 

Barbara Jacobs, Assistant Director

Office of Information Technologies and Services

Division of Corporation Finance
U.S. Securities and Exchange Commission

100 F Street, NE
Washington, DC 20549

 

Re:                             Paylocity Holding Corporation

Acceleration Request for Registration Statement on Form S-3/A

File No. 333-206941

 

Dear Ms. Jacobs:

 

In accordance with Rule 461 under the Securities Act of 1933, as amended (the “Act”), Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, William Blair & Company, L.L.C. and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters (the “Representatives”), hereby join Paylocity Holding Corporation (the “Company”) in requesting the Commission accelerate and declare the above-referenced Registration Statement effective on September 24, 2015 at 4:00 p.m. New York City time or as soon as practicable thereafter.

 

In connection with this acceleration request and pursuant to Rule 460 of the Act, please be advised that we expect to distribute approximately 858 copies of the Company’s preliminary prospectus, dated September 23, 2015, to underwriters, dealers, institutions and others.

 

The Representatives confirm on behalf of themselves and the several underwriters that they will comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended.

 

[Signature Page Follows]

 



 

 

Very truly yours,

 

 

 

DEUTSCHE BANK SECURITIES INC.

 

 

 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

 

 

 

WILLIAM BLAIR & COMPANY, L.L.C.

 

 

 

STIFEL, NICOLAUS & COMPANY, INCORPORATED

 

 

 

As Representatives of the several Underwriters

 

 

 

Deutsche Bank Securities Inc.

 

 

 

 

By:

/s/ Joseph P. Coleman

 

Name:

Joseph P. Coleman

 

Title:

Managing Director

 

 

 

 

Deutsche Bank Securities Inc.

 

 

 

 

By:

/s/ Francis Windels

 

Name:

Francis Windels

 

Title:

Managing Director

 

 

 

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated

 

 

 

 

By:

/s/Michele A.H. Allong

 

Name:

Michele A.H. Allong

 

Title:

Vice President

 

 

 

 

William Blair & Company, L.L.C.

 

 

 

 

By:

/s/ Art Simon

 

Name:

Art Simon

 

Title:

General Counsel

 

 

 

 

Stifel, Nicolaus & Company, Incorporated

 

 

 

 

By:

/s/ Keith Lister

 

Name:

Keith Lister

 

Title:

Managing Director

 

[Signature Page to Underwriter Acceleration Request]