Software maker Atlassian pops in debut, brings light to IPO market


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  • Friday, 11 Dec 2015

Profitable: Mike Cannon-Brookes (centre) and Scott Farquhar (centre, left), co-founders and CEOs of Atlassian Software Systems during its opening public offering at the Nasdaq at a MarketSite in New York on Dec 10. — Reuters

Atlassian Corp Plc brought some cheer to the end of a dour year for technology public offerings on Dec 10 with a 32% pop on its Wall Street debut, demonstrating that investors are eager to reward growing tech companies that can reliably turn a profit.

Shares of the Australian software maker, which helps companies collaborate and manage their operations, ended their first day of trading at US$27.78 (RM120.14), up almost a third from the initial public offering price of US$21 (RM90.82).

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