Chevy Chase-based New Enterprise Associates stands to reap a fortune from Tableau Software Inc.’s newly public stock, which is up about 60 percent in its first day of trading on the New York Stock Exchange Friday.
NEA is the single biggest venture backer of the Seattle-based data analytics company (NYSE: DATA). The firm sold 1 million shares of Tableau stock in the offering, and is holding on to another 18.5 million shares, or about 37 percent of the company. With Friday’s pop, that stake is valued at more than $900 million.
{iframe}http://www.bizjournals.com/washington/blog/techflash/2013/05/tableau-software-ipo-is-a-huge-payday.html{/iframe}