The Globe and Mail reports in its Tuesday, March 27, edition that Ceridian HCM Holding has filed to raise up to $200-million (U.S.) in a dual U.S.-Canadian-listed initial public offering as it transforms into a cloud-software company under the leadership of Toronto-based entrepreneur David Ossip. The Globe's Sean Silcoff writes that Goldman Sachs & Co. and JPMorgan will lead the offering of the company, which is officially based in Minneapolis, but largely managed out of Toronto, where Mr. Ossip and much of the senior leadership are based. Twelve other investment banks are part of the underwriting syndicate to take the company public on the New York and Toronto Stock Exchanges, including two based in Canada: CIBC Capital Markets and Canaccord Genuity Group. Ceridian started as a unit of IBM in 1932, handling tabulating and computing tasks, and was an all-but-forgotten technology has-been when it took over Mr. Ossip's Toronto-based software firm Dayforce six years ago for more than $100-million (U.S.). As part of his deal with Ceridian's controlling shareholders Mr. Ossip became chief executive officer. Following the appointment, Mr. Ossip executed a reverse takeover of the faded U.S. corporate icon.