Tableau Software sets terms for $176 million IPO

By Renaissance Capital,

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Tableau Software, which provides interactive data visualization software, announced terms for its IPO on Monday. The Seattle, WA-based company plans to raise $176 million by offering 7.2 million shares (31% insider) at a price range of $23 to $26. At the midpoint of the proposed range, Tableau Software would command a fully diluted market value of $1.5 billion. 

Tableau Software, which was founded in 2003 and booked $143 million in sales for the 12 months ended 3/13/2013, plans to list on the NYSE under the symbol DATA. Tableau Software initially filed confidentially on 2/13/2013. Goldman Sachs, Morgan Stanley, Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. The deal is scheduled to price May 16.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: DATA

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