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News Summary: Workday shares jump in market debut

Updated at: 10/12/2012 5:05 PM
By The Associated Press

WORKDAY WORKS: 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."

(Copyright 2012 by The Associated Press. All Rights Reserved.)