Atlassian last week exceeded expectations with its initial public offering, beginning trading at more than $27 per share, about 30 percent higher than the $21 issue price. That means the company — trading under the ticker “TEAM” — was valued at about $5.6 billion Thursday. Atlassian’s shares closed at $27.78. The company, founded in 2002, is best known for its Jira and HipChat products. It has been profitable for the past 10 years. Code.org and The Daily Telegraph are among the 50,000 organizations in 160 countries using its products.
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Atlassian Surges in Eye-Popping IPO
Posted by: Richard Adhikari December 14, 2015 07:13 AMAtlassian last week exceeded expectations with its initial public offering, beginning trading at more than $27 per share, about 30 percent higher than the $21 issue price. That means the company — trading under the ticker “TEAM” — was valued at about $5.6 billion Thursday. Atlassian’s shares closed at $27.78. The company, founded in 2002, is best known for its Jira and HipChat products. It has been profitable for the past 10 years. Code.org and The Daily Telegraph are among the 50,000 organizations in 160 countries using its products.