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Tableau Software, a Big Data software company that produces interactive data visualization products, has filed for an IPO and plans to trade on the New York Stock Exchange under the ticker “DATA.”
That Tableau is filing for an IPO isn’t as shocking as it sounds, since it boasts of more than 10,000 customers including big industry names such as Apple, Coca Cola and Facebook. In addition, the company posted revenues of $127.7 million last year, which is a significant markup from the $62.4 million it raked in the year before. Tableau’s S-1 filing with the Securities and Exchange Commission reveals that the company is expecting to raise as much as $150 million from its IPO, which is likely to happen in the summer.
The big question now is, will Tableau’s IPO be a success or will it mimic Facebook’s much hyped IPO and fizzle after the first bell?
Joining Kristin Feledy on NewsDesk was Abhishek Mehta, founder of Tresata, to give his Breaking Analysis on Tableau’s IPO.
According to Mehta there are two things that make Tableau unique, first the breadth of its adoption; and second, its product’s tremendous ease of use. Mehta believes that those two factors differentiate Tableau from other Big Data software offerings, and will go a long way towards ensuring its IPO is a success, since investors are generally willing to back companies that provide business-to-business offerings rather than business-to-consumer.
“There seems to be a divergence happening on Wall Street where they’re back in love with fundamentals, they like companies to perform well. So while social and B2C IPOs like Facebook, Zynga and Groupon have struggled, some more than others, the B2B companies have had tremendous success in the markets, especially Splunk and Workday.”
“They’re really good examples of class of software enterprise companies that are truly disruptive in their respective verticals and have done incredibly well in the markets because of the power they have to create new markets. I would expect that Tableau will definitely be in that category – the category of disruptors that are building and creating new markets and should do really well just like Splunk and Workday,” Mehta stated.
For more of Mehta’s Breaking Analysis on the Tableau IPO, check out the NewsDesk video below:
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