NEWS20 May 2013
US — Visualisation and analytics firm Tableau Software raised around $254.2m from its initial price offering (IPO) on the New York Stock Exchange (NYSE) last week.
The company priced its IPO of 8.2m shares of its Class A common stock at $31 per share having raised the price from an initial $23-$26 spread, giving it a valuation of $2bn.
The shares, trading under the symbol ‘DATA’, were a mix of 5m being offered by Tableau and 3.2m from certain selling stockholders.
By close of Friday’s trading on the NYSE, the shares were trading at $50.75 – a 63.71% rise.
Goldman Sachs and Morgan Stanley acted as lead joint book-running managers for the offering while Credit Suisse Securities and JP Morgan Securities acted as book-running managers.
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