With 2015 being a tough year for initial public offerings, Fitbit (FIT) and Atlassian (TEAM) were lauded by research firm PitchBook in a listing of winners and losers. Square (SQ) and Box (BOX) had the misfortune of being listed among the biggest losers. PitchBook’s listing was based on the valuation of a company at the time of its IPO compared with its previous private valuation. Fitbit topped the list of winners. The maker of wearable fitness
Compuware, taken private in late 2014 in a $2.5 billion deal, has disclosed what it calls a “far-reaching partnership and integration” with enterprise software vendors Splunk (SPLK) and Atlassian (TEAM) to help traditional mainframe proprietors manage their data with modern tools. Compuware also said that it has purchased ISPW BenchMark Technologies. Terms were not disclosed. Detroit-based Compuware’s effort would help make traditional Cobol
Atlassian (TEAM), the December IPO that designs enterprise software to manage team projects, may have won more analyst coverage initiations than any other firm on the first trading day of the new year. But its stock isn’t immune to the fresh downdraft from China that swept in over the weekend, following the release of weak Chinese manufacturing data and pending tighter trading restrictions there. The Shanghai composite closed down 6.9% Monday.