Monday, October 1, 2012

Workday Sets IPO Pricing Range

Pleasanton-based Workday has set its initial offering range for its IPO, saying that it now anticipates offering up 22.75M shares of its Class A common stock at between $21.00 and $24.00 per share. Workday, which develops enterprise applications for payroll, human resources, and other business management, filed for its IPO on August 31st. Workday is venture backed by Greylock Partners and New Enterprise Associates. If Workday prices at $24.00 per share, Workday will raised $627.9M in its IPO offering, up significantly from an earlier estimate of $400M.