I Cc:
I Date:
'03/14/2014 03:55 PM
I Subject: I
IKCP IOI: Paylocity IPO [I]
Classification: For internal use only
Greetings, Haig, Chip, Caroline and Mike. Tazia has conveyed that KCP-client
Jeff Epstein will indicate for the Paylocity IPO, which is this coming Tuesday
night/ Wednesday morning. Per Haig's earlier email (below) that we will not
be bound to a formula, Mike Iaquinta and I reviewed the possibilities for
allocations on this deal.
The deal is small -- 6.67mm shares -- and DB is the left bookrunner. We
expect a rather small retail allocation. In short, system-wide, we may get
around 150k shares. For Mr. Epstein's KCP allocation, can we agree that out
of the wealth Management allocation next week for Paylocity, Mr. Epstein would
be allocated 500-1000 shares? Mike and I will come up with an exact number as
we get very close to Wednesday morning's allocation (March 19).
Haig, please let us know if you agree. Best regards, --Josh
Joshua Shoshan
Director
Deutsche Bank Securities Inc.
Private wealth Management - Americas
Private client Services
345 Park Ave, 26th Floor
New York, NY 10154
I From:
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 122104
CONFIDENTIAL SDNY_GM_00268288
EFTA01460673