News Column

Workday to Commence Public Offering

January 28, 2014

Workday, Inc. , a provider of enterprise cloud applications for human resources and finance, announced that it is commencing an underwritten registered public offering of 6,000,000 shares of its Class A common stock. In a release on Jan. 13 , the Company said that Workday also intends to grant to the underwriters an option to purchase up to an additional 900,000 shares of its Class A common stock to cover over- allotments. Workday expects to use the net proceeds from the offering for working capital and other general corporate purposes, including potential acquisitions of businesses, technologies, or other assets. Morgan Stanley will be acting as lead book-running manager for the offering. Goldman, Sachs & Co. will be acting as joint book- running manager for the offering. Allen & Company , J.P. Morgan Securities , Barclays Capital Inc. and UBS Investment Bank will be acting as book-runners, and JMP Securities will be acting as co- manager. An effective registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission on Jan. 13 . The offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus and final prospectus, copies of which may be obtained, when available, by contacting Morgan Stanley & Co. , Attention: Prospectus Department, 180 Varick Street , 2nd Floor, New York, NY 10014, telephone 1-866-718-1649, e-mail: prospectus@morganstanley.com . ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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