Workday IPO: Human resources and financial management softwares provider Workday filed its IPO prospectus with the U.S. SEC and plans to raise funds of more than $400 million. The company selects the ticker symbol of “WDAY.” Morgan Stanley and Goldman Sachs are acting the representatives of underwriters of Workday IPO. Find Workday IPO price range by clicking here.
Workday was founded by David Duffield and Aneel Bhusri in 2005 and is headquartered in Pleasanton, California, and primarily engages in the business of human resources and financial management softwares.
Workday IPO may become the biggest one among the technology companies after Facebook IPO. The company is developing very quickly. Workday co-CEO Aneel Bhusri said last year the company’s annual customer orders doubled every year, and expected the revenues based on customer orders to reach $300 million for 2012. As of the 12 months ended July 31, 2012, the company’s sales reached $199 million.
Last October, Workday financed $85 million and the company was valued at $2 billion at that time. After that, the technology companies such as Jive and Splunk saw very successful IPOs and Workday is also expecting to achieve a greater success in the IPO.
Read more: Workday IPO prospectus summary.