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News Summary: Workday shares jump in market debut

Source : AP
Last Updated: Fri, Oct 12, 2012 22:17 hrs

: Shares of Workday Inc. jumped 74 percent to close at $48.69 on their first day of trading Friday. That marks the fifth biggest first-day percentage gain for an initial public offering of stock this year.

ABOVE RANGE: The cloud-based human resources software provider priced shares at $28 apiece, above the projected range of $24-$26. That signaled strong demand for its shares.

TICKER TAPE: Pleasanton, Calif.-based Workday trades on the New York Stock Exchange under the ticker symbol "WDAY."




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