Workday shares up 73% in IPO


MarketWatch

SAN FRANCISCO (MarketWatch) – Shares Workday Inc.  soared Friday as the enterprise software company began trading on the New York Stock Exchange. The stock was trading up 73 % to $48.50 after pricing at $28 a share, above its proposed range of $24 to $26.

The Pleasanton, Calif.-based company’s initial public offering initially set a price range of $21-$24. Workday provides cloud-based software used by businesses to manage employee data and processes.

Read the full story:
Workday soars as IPO rides cloud trend

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s