As another tech offering loomed large over the public markets, Cooley set the scene for a $500 million secondary offering from Tableau Software, a data analytics company.
Existing stockholders will offer 7.7 million shares of Class A at $65 per share. The deal was upsized from 6.5 million shares. The company will not receive any proceeds from the deal, which gives shareholders the opportunity to realize gains from their holdings. The shareholders had been subject to a lock-up in connection with the initial public offering that extended through this month.
