Workday IPO

I guess sometimes you are lucky… I was allocated a few shares in the Workday, Inc. (Ticker: WDAY) IPO at $28 and now it’s trading around $45. I usually just flip IPOs that experience a nice pop, but in this case I’m going to hang on a bit and see how things develop. The company has a seasoned CEO, Dave Duffield, who founded of PeopleSoft. I see the potential of Workday turning into something big down the road.