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Workday Announces Pricing of Initial Public Offeri Friday, October 12, 3:17 PM ET
Workday (WDAY), which specializes in enterprise cloud applications for human resources and finance, today announced the pricing of its initial public offering of 22,750,000 shares of its Class A common stock at a price to the public of $28.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,412,500 shares of Class A common stock from Workday to cover over-allotments. The shares are expected to begin trading on the New York Stock Exchange on October 12, 2012 under the symbol "WDAY."
Morgan Stanley and Goldman Sachs are acting as lead joint book-running managers for the offering, and Allen & Company and J.P. Morgan are acting as book-running managers for the offering.
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