Workday (WDAY) Boosts Expected IPO Price to $24 - $26/Share
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Workday, Inc. (NYSE: WDAY) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. Workday plans to sell 22.75 million shares and sees an offering price of $24 to $26 per share, from its previously expected range of $21 to $24 per share. The company plans to list on the New York Stock Exchange under the ticker "WDAY.
The offering is being made through Morgan Stanley, Goldman Sachs, Allen & Co., J.P. Morgan, Cowen and Company, JMP Securities, Pacific Crest Securities, Wells Fargo, and Canaccord Genuity.
For its fiscal years ended December 31, 2009, December 31, 2010 and January 31, 2012, our revenues were $25.2 million, $68.1 million, and $134.4 million, respectively, representing year-over-year growth in revenues of 170% and 98% for our two most recent fiscal years. Workday incurred net losses of $49.9 million, $56.2 million and $79.6 million for the fiscal years ended December 31, 2009, December 31, 2010 and January 31, 2012, respectively.
Workday is a provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management.
The offering is being made through Morgan Stanley, Goldman Sachs, Allen & Co., J.P. Morgan, Cowen and Company, JMP Securities, Pacific Crest Securities, Wells Fargo, and Canaccord Genuity.
For its fiscal years ended December 31, 2009, December 31, 2010 and January 31, 2012, our revenues were $25.2 million, $68.1 million, and $134.4 million, respectively, representing year-over-year growth in revenues of 170% and 98% for our two most recent fiscal years. Workday incurred net losses of $49.9 million, $56.2 million and $79.6 million for the fiscal years ended December 31, 2009, December 31, 2010 and January 31, 2012, respectively.
Workday is a provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management.
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