Workday Said to Plan to Raise as Much as $500 Million in IPO
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Workday Inc., a maker of software that helps companies manage operations, plans to file for an initial public offering next year that would raise as much as $500 million, two people with knowledge of the matter said.
The company would file its plan in the first half and make its debut in the second half, said the people, who asked not to be identified because the plans aren’t public. Workday is likely to hire Allen & Co. to help with the sale, which would raise at least $200 million, the people said. Other banks being considered include Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co., one person said.