(Reuters) – Shares of Workday Inc soared 72 percent in their market debut on Friday, as the market for enterprise software continues to hold strong.
The Pleasanton, California-based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 after pricing shares above the expected range at $28.00.
It sold 22.75 million shares, raising $637 million.
Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share.
(Reporting By Olivia Oran; Editing by Gerald E. McCormick)
Image Credit: Workday
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