Shares of Tableau Software surged on opening day

Shares of Tableau Software surged on opening day

Shares of Tableau Software, which began trading on the New York Stock Exchange as "DATA" on Friday, closed at $50.75, up 64 percent from its initial public opening price of $31.

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by KATIE SCAFF / KING 5 News

KING5.com

Posted on May 17, 2013 at 2:10 PM

Updated Friday, May 17 at 2:17 PM

Tableau Software made a grand debut on the New York Stock Exchange today.

Shares closed at $50.75 Friday afternoon, up from its opening at $47, and a 64 percent jump from its initial public opening price of $31.

Trading as “DATA,” Tableau raised $254 million in IPO, selling some 8.2 million shares.

The 10-year-old company — which provides data visualization products to more than 10,000 organizations and tens of thousands of people — is the first tech company from Washington state to be publicly traded since Zillow went public in July 2011, according to Geekwire.

The Seattle-based company spun out of Stanford, where co-founder Patrick Hanrahan was a professor.

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