Workday Files For IPO

Posted Jul 18, 2012

Workday is an enterprise software company that was started by former PeopleSoft executives David Duffield and Aneel Bhusri.  Workday has filed for an IPO with the SEC confidentially by making use of a provision of the JOBS Act that lets companies keep financial details private during the earlier stages of the registration process.

Workday creates HR management software.  The IPO is expected to happen in October.  The deal managers of this IPO include Morgan Stanley, Goldman Sachs, and JP Morgan.  Workday will be revealing the information about the filing until 21 days before starting an investor roadshow.

Workday has raised $250 million in VC funding from Greylock Partners, New Enterprise Associates, T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group, and Bezos Expeditions.