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More on Workday's (WDAY) IPO: The cloud HR/ERP software vendor is looking to price its IPO on...
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Monday, October 1, 2012, 10:48 AM ETMore on Workday's (WDAY) IPO: The cloud HR/ERP software vendor is looking to price its IPO on Oct. 11, an underwriter tells Reuters. Workday's price range of $21-$24 results in a market cap of $3.37B-$3.85B. Not bad for a company that posted sales of $119.5M for the 6 months ending July 31. Workday is opting for a dual-class structure (Class B shares have 10x the voting power of Class A shares) that will allow insiders to maintain tight control. (S-1)
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