Tableau Software files for $150M IPO

Tableau Software makes public its initial public offering filing, proceeds could reach $150M

Associated Press

NEW YORK (AP) -- Tableau Software Inc. late Tuesday made public its filing for an initial public offering of stock that could raise up to $150 million.

The Seattle-based software company said in its Securities and Exchange Commission filing that the exact number of shares to be sold and their estimated price range have yet to be determined.

Tableau plans to use proceeds from the offering for general corporate purposes. It plans to list its shares on the New York Stock Exchange under the symbol "DATA."

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are the offering's lead joint underwriters.

Tableau makes software that allows businesses to access and analyze data quickly and cheaply. Its customers include a variety of large and small businesses, along with government agencies and nonprofit groups, the company said.

In 2012 Tableau posted a profit of $1.6 million, down from $3.4 million the year before. Revenue more than doubled to $127.7 million, the company said.

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