Big Data Firm Tableau Raises $254m with IPO

Big data visualization and analytics provider Tableau Software has raised $254.2m in an IPO, which priced its shares at $31 each and has valued the company at $2 billion.

Seattle-based Tableau offers a range of business intelligence, data visualization and data analysis products. The IPO involved the placement of 8.2 million shares of the company's Class A common stock - 5 million offered by the company itself and 3.2 million by stockholders. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1.23 million shares of Class A common stock from Tableau.

The firm was set up in 2003 by Christian Chabot and Chris Stolte, the founders of visualization software company BeeLine Systems, and data scientist Pat Hanrahan, who was a founding employee of Pixar Animation Studios, where he was awarded two Oscars for developing software to make movie special effects and animations more realistic.

Web site: www.tableausoftware.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.