Oct 1 (Reuters) - Silicon Valley-based Workday Inc, whichprovides cloud-based human resource software, said it plans tosell 22.75 million Class A shares in its initial public offeringat between $21 and $24 each.
The company had confidentially filed for an IPO in Julyunder the Jumpstart Our Business Startups (JOBS) Act. Itsubsequently filed in August to raise up to $400 million in anIPO.
At the mid-point of the expected range, the offering willraise about $512 million, valuing the company at $3.6 billion.
Pleasanton, California-based Workday was co-founded byex-PeopleSoft executives David Duffield and Aneel Bhusri wholeft PeopleSoft following its acquisition by Oracle Corp
(Reporting by Aman Shah in Bangalore; Editing by SreejirajEluvangal)
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Keywords: WORKDAY IPO/