Top Nav

Tableau IPO Up 64% in Debut

Yesterday’s Tableau IPO was the latest sign of the appetite investors have for new stocks right now.

A provider of interactive data visualization software, Tableau popped 64% in its market debut yesterday despite pricing above its expected range at $31 a share. The stock, listed on the New York Stock Exchange under the ticker symbol “DATA”, is currently trading at $53.19 per share.

Tableau raised $254 million in its debut, and already boasts a market cap approaching $2 billion.

The Tableau IPO wasn’t the only new stock to flourish yesterday. Marketo (NASDAQ: MKTO), a marketing software company, actually outperformed Tableau, advancing 78% in its initial public offering. The company went public at $13. It’s already up to $24.57 a share. That’s the largest first-day pop since Splunk (NASDAQ: SPLK) shot up 108% in its April 2012 IPO.

According to Renaissance Capital, Marketo and Tableau are the first pair of IPOs to produce first-day gains of more than 50% on the same day since 2010, and just the second since 2000. It speaks to the health of the IPO market right now.

The Marketo IPO and Tableau IPO bring May’s IPO tally to 22. That’s the most of any month since November 2007 – and we’re only two-thirds of the way through the month. No fewer than nine more companies are currently in the IPO pipeline. If all of them price before May 31, it will mark the biggest month for IPOs since 2004.

Strike Price Offer

The Strike Price is your leading resource for insight into the world of options trading. Chief options analyst Andy Crowder will guide you through the best options strategies—telling you exactly where he's putting his money, and how you can make safe, reliable gains from some simple options trades. Your FREE subscription also includes Andy’s report "The One Vital Rule for Every Options Trade"—which reveals the #1 rule to achieve a high win-rate in every options trade.
You've successfully subscribed, click the link in your email to confirm your subscription.
There was an error, and you have not been subscribed, please try again.