Credit: Shutterstock photoAtlassian, which makes business enterprise software targeted at software developers, announced terms for its IPO on Friday.
The Sydney, Australia-based company plans to raise $350 million by offering 20 million shares at a price range of $16.50 to $18.50. At the midpoint of the proposed range, Atlassian would command a basic market value of $3.6 billion.
Atlassian, which was founded in 2002 and booked $353 million in sales for the 12 months ended September 30, 2015, plans to list on the Nasdaq under the symbol TEAM. Goldman Sachs, Morgan Stanley, Allen & Company, UBS Investment Bank and Jefferies are the joint bookrunners on the deal. IPO timing was not disclosed.
The article At last: Tech unicorn Atlassian sets terms for $350 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
