/// Workday Takes Off Like A Rocket, and CEOs Like Their Model

October 12, 2012  |  All Things Digital


Appetite was strong for shares of Workday, the cloud-based human capital management software company, as it debuted for trading on the New York Stock Exchange today. The stock priced yesterday at $28 a share , valuing the company at north of $5 billion, and shares opened at $47.05. In late trading, they were around $49, a 75 percent increase. The debut of the shares culminated a process that began in earnest almost a year ago to the day, when Workday announced that it had raised an $85 million institutional round . It wasn’t long before it was looking for bankers , and eventually settled on Morgan Stanley, Goldman Sachs, Allen & Company and JPMorgan Chase & Co., who ran the offering. I got a few minutes with co-CEOs Aneel Bhusri and CFO Mark Peek at the NYSE today in New York, all of them wearing broad smiles. While the company is still technically in a quiet period and thus can’t speak to specific future plans, we did talk generally about what’s next for Workday. AllThingsD: Let’s talk a little about momentum. I couldn’t help but notice that at the recent Hewlett-Packard analysts meeting, that Meg Whitman mentioned that it has adopted Workday along with Salesforce.com. That sounds like a pretty big customer win for you. Is that an indicator of things to come

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Workday Takes Off Like A Rocket, and CEOs Like Their Model



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