PLEASANTON, Calif., October 11, 2012 — Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today announced the pricing of its initial public offering of 22,750,000 shares of its Class A common stock at a price to the public of $28.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,412,500 shares of Class A common stock from Workday to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on October 12, 2012 under the symbol "WDAY."
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, and Allen & Company LLC and J.P. Morgan Securities LLC are acting as book-running managers for the offering. Cowen and Company, LLC, JMP Securities LLC, Pacific Crest Securities LLC, Wells Fargo Securities LLC and Canaccord Genuity Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on October 11, 2012. The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, via telephone: (866) 718-1649, email: prospectus@morganstanley.com, or standard mail at Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department; or from Goldman, Sachs & Co., via telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com, or standard mail at Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Media Contacts:
Christine Cefalo
VP, Corporate Communications
925-963-9449
Christine.Cefalo@Workday.com
Eric Glass
Director, Public Relations
404-644-2212
Eric.Glass@Workday.com
Investor Relations Contact:
Michael Haase
VP, Investor Relations and Treasurer
925-951-9005
Michael.Haase@Workday.com
Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005 by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers human capital management, financial management, and analytics applications designed for the world’s largest organizations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
Workday Financial Management is a comprehensive, unified accounting and finance application, built on a global core to help you manage your financial processes around the world easily and efficiently. With unique capabilities including business-event driven reporting and analytics, robust security, and a fully auditable business process framework, Workday can provide your organization with unprecedented controls and insight into the performance of your business.
Workday Human Capital Management is a modern, intuitive and unified human resources and talent management application built on a global core and designed to adapt with businesses as their needs and requirements evolve.
Delivered in the cloud, Workday payroll solutions offer your organization choice, flexibility and control to efficiently and accurately pay your entire workforce, no matter where they may be located.
Workday leads enterprise application innovation with its new, consumer-friendly time and attendance application, Workday Time Tracking. With Workday Time Tracking, organizations will now be able to reduce labor costs, minimize compliance risks, and increase worker productivity. .
Workday Expenses is unified with Workday’s market-leading HR and Financial Management applications, creating the optimal expense solution for today’s people-driven enterprise.
Workday Procurement is designed to support the unique requirements for the acquisition of goods, services, and contingent labor for your organization—from the requisition process all the way through to payment.
