Thursday, December 10, 2015 9:15:59 PM
The stock climbed 32% to $27.78 after pricing above the projected range on Wednesday, at $21 a share, the first time an IPO has come above its range since September, according to Dealogic. Shares opened at $27.67 and traded in a narrow $2 range throughout the session.
Atlassian, the last company slated to IPO this year, raised its proposed price range earlier this week and added more shares to the offering, the first time a U.S. company has done so since July.
The company is set to raise $462 million, up from a maximum of $370 million when it first began shopping its IPO to investors last week. The IPO values the business at $4.4 billion. The shares trade under the symbol “TEAM.”
If it continues to be successful, Atlassian’s public debut would be a bright spot in an otherwise dim U.S. IPO market.
The U.K.-registered company, which was founded in Australia in 2002 and has a big presence in San Francisco, achieved an IPO price tag that is well above its private valuation. A handful of other tech startups, including mobile payments startup Square Inc., priced their IPOs below both their initial range and their private valuations.
Bankers, tech company founders and investors are hoping a strong Atlassian debut has broader implications for the health of the IPO market in 2016. The offering was led by bankers at Goldman Sachs Group Inc. and Morgan Stanley.
http://www.wsj.com/articles/atlassian-surges-in-trading-debut-as-last-ipo-of-2015-1449765687
Recent TEAM News
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/10/2024 08:49:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:39:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:38:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:58:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:34:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:33:49 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 05/08/2024 09:07:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:41:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 08:41:32 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 05/08/2024 12:39:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:36:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:36:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 10:08:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 10:08:42 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/06/2024 01:13:30 PM
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition • Business Wire • 04/25/2024 08:05:00 PM
- Atlassian Announces Dates for Third Quarter of Fiscal Year 2024 Financial Results and Investor Day • Business Wire • 04/01/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:21:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:20:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:15:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:15:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:14:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:13:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/07/2024 09:19:22 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM