The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions

Calendar


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Friday, May 17, 2013, 12:29 p.m.

Seattle's Tableau Software soars in trading debut

NEW YORK — Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.
Seattle-based Tableau Software Inc. provides software that helps businesses convert data into visual presentations.
The shares jumped $17.50, or 56 percent, to $48.50 in morning trading. Earlier, the company sold 5 million shares for $31 each and total proceeds of $155 million. Certain shareholders sold an additional 3.2 million shares at the same price for $99.2 million.
The shares are trading under the symbol "DATA."
The offering's underwriters — Goldman, Sachs & Co. and Morgan Stanley & Co. — have a 30-day option to buy up to 1.2 million more shares from Tableau, which would generate $38.1 million more in proceeds.

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.

HeraldNet highlights

Epic river journey
Epic river journey: Woodway man traces Meriwether Lewis' route by kayak, bike
Knocked down, not out
Knocked down, not out: Bill Iffrig hasn't ruled out return to Boston Marathon
Getting shut out
Getting shut out: Supporters lobby WIAA to make lacrosse a high school sport
Boston Marathon
Boston Marathon: Everett's Adams: ‘A magic that no evil can eclipse’