In an announcement today by Tableau Software Inc., it disclosed that the price of its 8,200,000 shares of its Class A common stocks tendered at its initial public offering is at US$31.00 per share. Tableau Software is tendering 5,000,000 shares overall while particular stockholders are tendering 3,200,000 shares.
The shares sale is estimated to begin its trading at the New York Stock Exchange on the 17th of May 2013 under the symbol "DATA". Aside from that, the underwriters are given a 30-day option to acquire up to an extra 1,230,000 shares of Class A common stock from the company. The revenues from the sale of the shares by the shareholders tendering will not go to Tableau Software.
Morgan Stanley & Co. LLC together with Goldman, Sachs & Co. will be the joint book runners for the offering. J.P. Morgan Securities LLC and Credit Suisse Securities USA LLC will be the book-running managers. BMO Capital Markets Corp. and UBS Securities LLC will be the co-lead managers while JMP Securities LLC will be acting as co-Manager.
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