Tableau Software, which provides interactive data visualization software, announced terms for its IPO on Monday. The Seattle, WA-based company plans to raise $176 million by offering 7.2 million shares (31% insider) at a price range of $23 to $26. At the midpoint of the proposed range, Tableau Software would command a fully diluted market value of $1.7 billion.
Tableau Software, which was founded in 2003 and booked $143 million in sales for the 12 months ended 3/13/2013, plans to list on the NYSE under the symbol DATA. Tableau Software initially filed confidentially on 2/13/2013. Goldman Sachs, Morgan Stanley, Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. The deal is scheduled to price May 16.
