Tanium Gives Shareholders Another Opportunity to Cash Out

Tanium Inc.’s chief has been openly entertaining the prospect of an initial public offering for the last couple years. In the meantime, the decade-old software company has made arrangements for its founders, employees and early investors to sell hundreds of millions in stock.

The company disclosed another such deal on Tuesday, this time for a $200 million purchase of common stock led by Wellington Management. It’s the third transaction of this type in two years and brings the total pool set aside for shareholder sales to $475 million.