Shares of Workday soar 72 percent in trading debut
Oct 12 (Reuters) - Shares of Workday Inc soared 72 percent in their market debut on Friday, as the market for enterprise software continues to hold strong.
The Pleasanton, California-based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 after pricing shares above the expected range at $28.00. It sold 22.75 million shares, raising $637 million.
Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share.
(Reporting By Olivia Oran; Editing by Gerald E. McCormick)
((Olivia.Oran@thomsonreuters.com)(646 223 6335))
Keywords: WORKDAY DEBUT/
Oct 12- Shares of Workday Inc soared 72 percent in their market debut on Friday, as the market for enterprise software continues to hold strong. The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 after pricing shares above the expected range at $28.00.