Enterprise SaaS Pro Workday Works Out $512M IPO Terms
October 02, 2012
Workday has filed to raise about $512 million in its IPO by offering 22.75 million shares at an expected price range of between $21 and $24. The VC-backed company provides enterprise SaaS solutions for human capital management, payroll and financial management. Workday has bagged well over $200 million in combined venture capital from investors including Greylock Partners (10.9% pre-IPO stake) and New Enterprise Associates (10%).