Workday opens up 72% from its offer price; on track for 5th largest first day gain this year

By Renaissance Capital,

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After pricing its IPO at $28, above its upwardly revised $24-$26 range, Workday ( WDAY ) opened for trading Friday morning at $48.05, representing a 71.6% gain. If trading holds, Workday is on track to claim the fifth largest first day gain so far this year, behind Splunk (SPLK; +109% first day pop), Millennial Media (MM; +92%), Annie's (BNNY; +89%) and Proto Labs (PRLB; 81%).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: WDAY

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