Stanford spin-out Tableau Software raises $254.2m in initial public offering.
Tableau Software, a Seattle-based big data analytics provider, has raised $254.2m in an IPO which saw the firm’s share price rise by 64%.
Trading on the New York Stock Exchange under the symbol DATA, the Stanford-backed firm sold 8.2 million shares at $31 each, above an initially predicted range of $23 and $26 (updated to $28 to $30 just prior to the floatation). Tableau also sold more shares than expected, beating predictions by 1.1m.
Venture firm New Enterprise Associates…
