Everyone is talking about Yahoo’s big buy of Tumblr for $1.1 billion in cash. It’s a sexy story, in part because Yahoo is trying to revive itself with the ultra-hip New York online media powerhouse.
But I am still watching the aftermath of Tableau’s blockbuster initial public offering. After pricing shares last Thursday night at $31, Tableau came out screaming on The New York Stock Exchange on Friday. Shares closed at $50.75 on the first day — a very healthy return for the Seattle company.
And now, the stock is skyrocketing even further. Shares are up more than 13 percent in Monday morning trading, giving the maker of data visualization software a market value of $2.03 billion. (Take that Tumblr).
In fact, Tableau is now in the running with Zillow — the last Seattle area tech company to go public — which as of this morning was valued slightly higher at $2.06 billion. Here’s a look at Tableau’s stock price this morning. (Update 11 a.m.: Shares have since fallen back a bit since we published this post, but they are still up about 10 percent).