Ring the Bell: Tableau Goes Public




tableausoftware150.pngSporting a brand new stock symbol (NYSE: DATA), Tableau Software, the Seattle-based analytics and visualization software provider announced the pricing of its initial public offering of its 8.2 million Class A shares. At a public price of $31 per share, 5 million shares are being offered by Tableau Software and 3.2 million shares are being offered by other selling stockholders. Acting as lead joint book-running managers for the offering are Goldman, Sachs & Co and Morgan Stanley & CO, with other important financial organizations also involved.

According to TechCrunch, initial results from the offering are not disappointing, climbing to 58% in its early trading, and closing at 64% above the price, at $50.75 per share, raising some $254.2 million at the $31/share price, valuing Tableau at about $2 billion. Tableau is performing modestly but very optimistically, compared with Facebook and other newly public IT companies.

Playing in the data analytics and visualization field, and proving itself to have a place in the big data spectrum, Tableau Software has become an important player in the field with innovative and appealing visualizations and analytics features.

According to Ryan Mac from Forbes:
In 2012, the company posted revenue of $127.7 million, up 105% from $62.4 million in 2011. Net income was $1.6 million in 2012, down from $3.4 million in 2011. Major shareholders are New Enterprise Associates with 37.9% of voting power and Meritech Capital Partners with 6.4%.

It comes as no surprise that organizations such as Tableau have such an optimistic perspective going public as an increasing number of organizations are now modernizing their analytics platforms with simplified yet innovative analytics offerings like Tableau.
 
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