[runako]

Their numbers do not favorably compare against their peers. Paycom (PAYC) is of comparable revenue but profit margin is much higher (looking like ~400% higher) at PAYC. The two are growing at similar rates.

I'm wondering why they are choosing to go public now given these numbers.

[rossdavidh]

...because it's IPO now or wait a few years, probably. We're very late in the cycle, I think, and a correction is coming soon. Same reason Zillow got out of the house-buying business, if the truth be told.