Workday (WDAY) prices its IPO at $28, above a prior range of $24-$26. That gives the...

|About: Workday (WDAY)|By:, SA News Editor

Workday (WDAY) prices its IPO at $28, above a prior range of $24-$26. That gives the fast-growing cloud ERP/HR software firm, which raised $637M by selling 22.75M shares, a valuation of $4.49B, or about 20x sales. Between the hype surrounding this offering and the way other enterprise tech IPOs have fared lately (I, II, III), there could still be a healthy pop when shares begin trading on Friday. Some cloud software firms that might move in response: N, CSOD, SABA, ULTI. (S-1) (more)