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Workday files for IPO (Reuters)

Business software company uses JOBS Act to go public.

Workday, a business software company founded by former PeopleSoft executives, has filed for an initial public offering under the JOBS Act, Reuters reports. The Jobs Act loosens regulations for smaller companies filing for IPOs, including allowing them to keep financial data in their IPO filings confidential for longer. Workday, which provides human resources and financial management software, plans to go public in October.

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