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Friday, 08/31/2012 9:16:29 PM

Friday, August 31, 2012 9:16:29 PM

Post# of 49
Keep an eye on "work day" iPo

Could be a steal with early entry

Along with yelp, and Carlyle group, is one of my favorites.

Recent partnership with google can really generate revenues to compete the giants like oracle.

Below is a Forbes article:

Workday, which provides software for human resources, payroll and financial management, has filed for an initial public stock offering of up to $400 million. The company was founded in 2005 by PeopleSoft founder Dave Duffield and venture capitalist Aneel Bhusri.
Revenue at the compnay increased from $25.2 million in 2009 to $134.4 million for the year ending January 31. Losses rosefrom $49.9 million to $79.6 million over the same period. As of July 31, 2012, Workday had an accumulated deficit of $329.5 million.
The IPO could be the biggest to hit the market since Facebook (FB) earlier this year.
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