Workday tickled its IPO price again Thursday night finally settling on $28 a share.
Its original range was $21 to $24, which was jacked up to $24 to $26 Tuesday.
Then it barreled out of the gate shortly before 10 Friday morning opening at $48.05, almost 72% higher than its IPO price.
The cloud reprise of PeopleSoft, started in 2005 by the same people who ran PeopleSoft before they were run off the range by a hostile Oracle takeover, got its validation making around $637 million on 22.75 million shares, pulling off the biggest largest cloud IPO – heck, the biggest tech IPO – since the Facebook fiasco in May.