Workday, Inc. has filed a registration statement with the SEC for an initial public offering of up to $400 million of its Class A common stock.
Workday is a provider of enterprise cloud-based applications for human capital management, payroll, financial management, time tracking, procurement and employee expense management. The company was founded in 2005 and has more than 1,450 employees.
The Pleasanton, California-based company intends to apply to list its Class A common stock under the symbol "WDAY". The company's principal stockholders include co-founders David Duffield and Aneel Bhusri.
For its fiscal years ended December 31, 2009, December 31, 2010 and January 31, 2012, revenues totaled $25.2 million, $68.1 million, and $134.4 million, respectively. The company incurred net losses of $49.9 million, $56.2 million and $79.6 million for those above mentioned years, respectively.
by RTT Staff Writer
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