Tableau files for IPO

Data exploration and visualization darling Tableau has filed for initial public offering
Written by Andrew Brust, Contributor

As many in the big data/BI/analytics community had predicted it would, Tableau Software has decided to file for an initial public offering.

Goldman, Sachs & Co and Morgan Stanley & Co LLC are acting as lead joint book-running managers for the offering. Credit Suisse Securities (USA) LLC and JP Morgan Securities LLC are acting as book-running managers. UBS Securities LLC and BMO Capital Markets Corp are acting as co-lead managers, and JMP Securities LLC is acting as co-manager.

Tableau has connectivity and partnerships with some of the biggest names in BI and Big Data. Customers love the product, and it's been on an upward trajectory for quite some time. An IPO now is certainly consistent with that track record and momentum.

It will be interesting to watch the company move beyond a "land and expand" sales approach to a perhaps more conventional Enterprise sales play. It also remains to be seen if Tableau will need to broaden its portfolio beyond its core namesake product.

Either way, this is a big deal.

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