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.

More in Herald Business Journal

An Alaska Airlines Embraer 175. The carrier plans to use this model on routes to and from Paine Field in Everett. (Alaska Airlines)
Company VP: Alaska Airlines hopes to be a decent neighbor

Diana Birkett Rakow shared aspects of the company’s philosophy as keynote at an Economic Alliance event.

Safe saves Everett Office Furniture’s future after fire

The business was able to reopen because vital paperwork was preserved.

Get ready for the era of hypersonic flight — at Mach 5

The Pentagon sees hypersonic weaponry as a potential game changer.

Why real estate investors are watching self-driving cars closely

With decisions on real estate made years in advance, could self-driving cars change how we live?

More than 60 Boeing 737s per month: Can suppliers keep up?

There was lots of talk this week about the prudence and pressures of soaring production rates.

Developer proposes an 18-story building in Lynnwood

It would be the second-tallest in the county and include apartments with retail space.

Snohomish County business licenses

PLEASE NOTE: Business license information is obtained monthly from the Washington Secretary… Continue reading

New Everett mayor speaks out about business in city, region

Q&A: Cassie Franklin on what can be done to get Boeing to build the 797 here and attract new industries.

Aerospace analyst explains how he’ll help state’s Boeing bid

Richard Aboulafia will deliver a report on Washington’s strengths and weaknesses in landing the 797.

Most Read