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

  • TECH Premium
  • 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).

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Tech News

Meet Imagen, Google’s new AI that turns text into images Premium
Booking hotels online: Why you can never trust reviews 100% Premium
Dyson shows off robotic arm that can find crisps at back of your sofa Premium
Four years on, is the GDPR a pain or a forerunner in data protection? Premium
Research: Google Chrome only blocking a quarter of phishing websites Premium
Google Street View’s ‘time travel’ feature comes to smartphones Premium
Meta eyes profits with new WhatsApp platform for businesses Premium
Amazon investor proposal to review plastic use narrowly fails to clear Premium
Transport Canada probing cause of Tesla fire in Vancouver Premium
Binance registers with Italy's regulator amid plans to expand in Europe Premium

Others Also Read