Workday IPO to watch: Human resources software developer Workday disclosed in the latest amended prospectus submitted to the SEC (U.S. Securities and Exchange Commission) that it is offering 22.75 million shares of Class A common stock at a price range between $21.00 per share and $24.00 per share and raise funds of $546 million at most.
Workday filed a Form S-1 registration statement with the SEC at the end of August and it planned to raise $400 million at that time. Read more about WDAY stock performance in the first day trading.
Workday proposed to get listing on the New York Stock Exchange under the symbol “WDAY.” Morgan Stanley and Goldman Sachs are playing the roles of lead underwriters for Workday IPO. Underwriters have been granted an option to purchase up to an additional 3,412,500 shares of Class A common stock at Workday IPO price to cover over-allotments.
Workday was founded in 2005 by David Duffield and Aneel Bhusri, both of who were former employees of eopleSoft.
As of the first six months ended July 31, 2012, Workday booked revenue of $119.5 million, more than double last year same period’s $54.8 million. The largest external investor of Workday is venture capital firm Greylock Partners.
Read more: Workday IPO: expecting a great success,