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Workday raises IPO price range to $24-$26/shr

Oct 9 (Reuters) - Silicon Valley-based Workday Inc, whichprovides cloud-based human resource software, raised theexpected price range of its IPO to $24-$26 per share from$21-$24 per share.

At the midpoint of the expected range, the offering of 22.75million Class A shares will raise $568.75 million.

The company plans to use the proceeds for expansion, workingcapital and other purposes.

Pleasanton, California-based Workday was co-founded byex-PeopleSoft executives David Duffield and Aneel Bhusri, wholeft PeopleSoft following its acquisition by Oracle Corp

in 2004.

Workday shares will be listed on the New York Stock Exchangeunder the symbol "WDAY".

Morgan Stanley and Goldman Sachs are the lead underwritersfor the offering.

(Reporting by Neha Dimri in Bangalore; Editing by SreejirajEluvangal)

((Neha.Dimri@thomsonreuters.com)(within U.S. +1 646 2238780)(outside U.S. +91 80 4135 5800)(Reuters Messaging:neha.dimri.thomsonreuters.com@reuters.net))

Keywords: WORKDAYINC IPO/