Tableau Software (DATA) priced its IPO at the NYSE at $31. The initial price talk was $23-$26, then it went up to $28-$30, before pricing at $31.
Wait, there's more: the initial offering of 7.2 million shares was upped to 8.2 million shares. So instead of pricing 7.2 million shares at $24 (the midrange) and raising $172.8 million, they price 8.2 million at $31, raising $254 million.
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Not bad, eh? A software company? It's simple: Big Data. It's the new magic word, like "cloud computing" was a year ago. Their software allows customers to analyze large data sets using proprietary drag and drop commands. The company's description of what it does is refreshingly free of a lot of the jargon terms that characterize so many company descriptors. They help people see and understand data, to quickly analyze, visualize and share information. Get it? And no leveraged buyout here.