Tableau and Marketo Create Whopping Piles of Money With IPO Debuts - Arik Hesseldahl - News - AllThingsD

Irrational exuberance redux?

"Tableau Software started trading on the New York Stock Exchange under the ticker symbol DATA. Its shares were priced yesterday at $31 and closed today $50.75. Its biggest shareholder is New Enterprise Associates, which invested a combined $29 million in three rounds between 2004 and 2010 for about 37 percent of the company.
It sold two million shares at $31 in the offering, but still has 17.6 million shares remaining, making its combined gain on Tableau, by my math, worth $955.2 million. On paper that amounts to a one-day gain of 3,194 percent.
Now are you convinced the IPO market is back?"

Tableau and Marketo Create Whopping Piles of Money With IPO Debuts - Arik Hesseldahl - News - AllThingsD