Friday's Hot IPOs Get Even Hotter (MKTO) (DATA)
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Friday's 'hot' IPOs Marketo, Inc. (NASDAQ: MKTO) and Tableau Software Inc (NASDAQ: DATA) have more reasons to smile Monday.
After rising 78% from its IPO pricing of $13 per share on Friday, Marketo is up another 11.26% today - for a total gain of 98%. Tableau Software is up another 9.8% today after rising 64% from its $31 per share pricing Friday - a total gain of 80%.
The two hot IPO are in perhaps the two hottest sectors for investors - cloud and big data.
Marketo is a provider of a leading cloud-based marketing software platform that enables organizations to engage in modern relationship marketing. Marketo generated revenue of $14.0 million, $32.4 million and $58.4 million in 2010, 2011 and 2012, respectively, representing year-over-year increases of 131% and 80%, respectively. They had net losses of $11.8 million, $22.6 million and $34.4 million in 2010, 2011 and 2012, respectively, due to increased investments in our growth.
Tableau Software helps people see and understand data. Tableau Software generated revenue of $34.2 million, $62.4 million and $127.7 million n 2010, 2011 and 2012, respectively, representing a compound annual growth rate of approximately 93% from 2010 to 2012.. The company also generated net income of $2.7 million, $3.4 million and $1.6 million for the years ended December 31, 2010, 2011 and 2012, respectively, and have generated positive cash from operating activities on an annual basis in each of those fiscal years.
After rising 78% from its IPO pricing of $13 per share on Friday, Marketo is up another 11.26% today - for a total gain of 98%. Tableau Software is up another 9.8% today after rising 64% from its $31 per share pricing Friday - a total gain of 80%.
The two hot IPO are in perhaps the two hottest sectors for investors - cloud and big data.
Marketo is a provider of a leading cloud-based marketing software platform that enables organizations to engage in modern relationship marketing. Marketo generated revenue of $14.0 million, $32.4 million and $58.4 million in 2010, 2011 and 2012, respectively, representing year-over-year increases of 131% and 80%, respectively. They had net losses of $11.8 million, $22.6 million and $34.4 million in 2010, 2011 and 2012, respectively, due to increased investments in our growth.
Tableau Software helps people see and understand data. Tableau Software generated revenue of $34.2 million, $62.4 million and $127.7 million n 2010, 2011 and 2012, respectively, representing a compound annual growth rate of approximately 93% from 2010 to 2012.. The company also generated net income of $2.7 million, $3.4 million and $1.6 million for the years ended December 31, 2010, 2011 and 2012, respectively, and have generated positive cash from operating activities on an annual basis in each of those fiscal years.
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