Workday sets terms for $512 million IPO

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Workday, which provides on-demand software for human capital management to large enterprises, announced terms for its IPO on Monday. The Pleasanton, CA-based company plans to raise $512 million by offering 22.8 million shares at a price range of $21 to $24. At the midpoint of the proposed range, Workday would command a fully diluted market value of $4.2 billion.

Workday, which was founded in 2005 and booked $199 million in sales for the 12 months ended 7/31/2012, plans to list on the NYSE under the symbol WDAY. Morgan Stanley, Goldman Sachs, Allen & Company, and J.P. Morgan are the joint bookrunners on the deal.



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



This article appears in: News Headlines , IPOs

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