Workday, the cloud-based HR start-up co-founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, who vamoosed after Oracle acquired PeopleSoft in a hostile takeover in 2005, is set to go public next Friday.
It means to sell 22.75 million Class A shares for between $21 and $24 each. Using the mid-point between those two theoretical prices it would raise $512 million and be valued at $3.85 billion. It won’t finally price until October 11.