ShiftPixy (PIXY) IPO Opens Modestly Higher

Today's IPO for ShiftPixy, Inc., (NASDAQ: PIXY) opened for trading at $6.30 after the company priced 2,000,000 of its shares to the public at $6.00 per share through a SEC Regulation A+ framework offering.

WR Hambrecht + Co, acted as representative underwriter for the initial public offering for ShiftPixy.

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based employers navigate regulatory mandates, minimize administrative burdens, and connects them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. ShiftPixy’s complete HCM ecosystem manages regulatory requirements and compliance in such required areas as paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) compliance.

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