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Workday over-allotment option exercised for follow-on offering

Workday, Inc. (NYSE: WDAY) said that in connection with its underwritten registered public offering, the underwriters have provided notice that they will exercise in full their option to purchase an additional 900,000 shares of its class A common stock.

Closing of the offering is expected to occur on January 21, 2014, subject to customary closing conditions.

Workday expects to use the net proceeds from the offering for working capital and other general corporate purposes, including potential acquisitions of businesses, technologies, or other assets.

Morgan Stanley & Co. LLC is acting as lead book-running manager for the offering. Goldman, Sachs & Co. is acting as joint book-running manager for the offering. Allen & company LLC, J.P. Morgan Securities LLC, Barclays Capital Inc. and UBS Investment Bank are acting as book-runners, and JMP Securities LLC is acting as co-manager.


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