Tableau is inching closer to becoming a publicly-traded company, with the Seattle maker of data visualization software expected to begin trading on Friday. But investors who want a piece of the 10-year-old company may have to pay a pretty penny.
In an updated SEC filing today, the company boosted its proposed offering price to as much as $30 per share, an indication that there’s plenty of hunger for shares. That’s up from the previous range of $23 to $26 per share.
The company now estimates that it could raise $132.3 million if they start trading at an offering price of $29 per share, which is the midpoint of the $28 to $30 range it laid out this morning.
The company is expected to start trading on the New York Stock Exchange under the ticker symbol “DATA” on Friday.
Previously: As Tableau readies for IPO, Marc Andreessen laments that tech companies don’t want to go public
As a primer for those interested in Tableau, here’s a wide-ranging interview I conducted with CEO Christian Chabot at the GeekWire Meetup in February, one of the last public interviews before the company filed to go public.
I started the interview by going back to one of my first-ever stories on Tableau in which Chabot told me that they would be the next billion dollar company to emerge from Seattle. “I think we are well on our way, but I won’t say anything beyond that. We think we are valuable, but we are just a small, private company, so we will see what happens,” he said.
Yes, we will see what happens later this week. This much is certain. Tableau’s time as a “small, private company” is about to change.
[Editor’s note: Tableau is a GeekWire annual sponsor]