Saturday, October 13, 2012

company has reached 14


SAN FRANCISCO UGG Rosie Boots Sale, Oct UGGs Sheepskin Cuff Sale. 13 morning news, human resources software provider Workday Friday in the IPO (initial public offering) on ​​the first day shares rose 74%, the high valuation of the company has caused questioned.
Workday IPO from Facebook since listing in May of this year, the largest technology company IPO. The Workday provide cloud computing software North Face Down Vest, and its competitors, including Oracle and other large companies. The company listed on the New York Stock Exchange on Friday opened at $ 48.05 and rose to $ 51.32, closing at $ 48.69. The company's IPO price of $ 28, beyond the initial range of inquiry. Closing price, Workday market capitalization of $ 9.5 billion.
Workday IPO Communist China has sold 2275 million shares, raising $ 637 million. The company will use the IPO proceeds expansion of business, and for working capital. Earlier this week, Workday offering price range of 21-24 U UGG Ansley Sale.S. dollars adjusted to 24-26 U.S. dollars.
Workday, the co-founder and former PeopleSoft executive David Duffield (David Duffield) and Anil Busi Li (Aneel Bhusri). Oracle in 2004 to $ 10.3 billion acquisition of PeopleSoft, Duffield and Busi Li departure from the company.
recently, a number of cloud computing companies to obtain a very high valuation, Workday one. The company's IPO valuation of 22 times in the past 12 months revenue. IT software company ServiceNow June IPO, IPO valuation of the company has reached 14 times the revenue of the past 12 months. Electronic business platform provider Demandware IPO valuation of 17 times in the past 12 months revenue.
Morningstar analyst Rick Sammer (Rick Summer) asked the question: able to achieve high growth in line with the valuation? The two voting structure of the company UGG Raya Sale, with 10 times the voting rights of the Class B shares of the Class A shares.
Gartner analyst Thomas Otter (Thomas Otter), Workday will be the real challenge facing SAP and Oracle, and force the two big companies to invest in the development of new products. Workday currently has more than 340 customers, including American International Group, Flextronics and Kimberly-Clark.
2011, Workday revenue for the year nearly doubled to $ 134.4 million, while the net loss rose to $ 79.6 million from $ 56.2 million. The company's previous venture investors Greylock Partners and New Enterprise Associates did not sell the shares in the IPO of the company. Morgan Stanley and Goldman Sachs Workday lead underwriter of the IPO Air Max Ultra 365 Mens. (Sails)
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