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Jeff Bezos-backed Workday soars in IPO, now valued more than rival Concur

Workday, a Pleasanton, California-based company that specializes in cloud-based payroll, financial management and employee expense management, is soaring in its initial public offering today. The company, which priced the IPO at $28 under the ticker WDAY, is now trading around $47 per share. The competitor to Redmond-based Concur Technologies is backed by Amazon.com co-founder Jeff… Read More