Analytics and visualization vendor Tableau Software introduced itself to Wall Street on May 17 by ringing the opening bell and starting sales of 8.2 million shares of common stock at $31. The stock opened at $47 a share and its value stayed high all day, closing at $50.75, up nearly 64 percent.
Opting for the stock ticker symbol “DATA,” Tableau CEO and Co-Founder Christian Chabot and other leaders and employees of the vendor rang the bell on the floor of the New York Stock Exchange to signify the start of the trading day. Tableau itself will offer 5 million of the shares, with the rest offered by certain selling stockholders, according to a company release. Underwriters have also been granted a 30-day option to purchase an additional 1.23 million shares of common stock from Tableau. Initial public offering share sales are set to bring Tableau between $155 million and $254 million, the biggest tech IPO since HR specialist Workday raised $730 million in October, according to data compiled by Bloomberg.
Based in Seattle, Tableau has spent much of 2013 beefing up its cache of customer use cases, particularly in health care and government, adding to its stable of customers that includes Allstate, The New York Times and the Department of Homeland Security. The vendor has scored attention and use from nonprofits and the open data community in the last few years with its Tableau Public tool, now in version 8.0.
Register or login for access to this item and much more
All Health Data Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access