Tableau Software Files Registration Statement For Proposed IPO
Tableau Software, Inc. (Seattle, WA, USA) have announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
According to Bloomberg, Tableau are set to raise $150 million from the IPO.
Tableau’s revenue more than doubled last year to $127.7 million, with 70 percent coming from licenses and the rest from maintenance and services. Almost half of the company’s revenue was spent on sales and marketing expenses and Tableau recorded a $2.88 million provision for income taxes, contributing to a 53 percent decline in profit. Net income fell to $1.6 million, or 1 cent a share, from $3.38 million, or 4 cents, in 2011.
Tableau was founded in 2003 by Pat Hanrahan, the man behind Pixar, an Academy Award-winning Stanford University professor whose software has created movie special effects and animations. The company’s products are designed to integrate with a customer’s databases or spreadsheets and help users without programming skills turn columns of numbers into interactive graphics and maps.
Source: Tableau Software