Atlassian IPO Shows Strength During Weak Trend

By | December 10, 2015

Scalper1 News

During a slow period for initial public offerings, enterprise software company Atlassian (TEAM) is turning in a strong performance Thursday. Atlassian raised $462 million in the offering, pricing 22 million shares at 21, above its expected range of 19 to 20. It previously filed to offer 20 million shares at 16.50 to 18.50 a share. Atlassian stock was up 40%, above 27, in midday trading on the stock market today, before easing back to around a 30% Scalper1 News

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