Atlassian jumps following IPO; valuation above $5B

|About: Atlassian Corporation Plc (TEAM)|By:, SA News Editor

After pricing its 22M-share IPO at $21, Atlassian (NASDAQ:TEAM) has opened at $27.67 and is currently at $27.45, up 30.7%.

The provider of collaboration/chat software for office workers, software developers, and IT pros is officially valued at $5.7B, or a lofty 18x FY15 (ended June '15) sales. After factoring options/restricted stock units, Atlassian is worth over $7B on a fully diluted basis.

Prospectus, IPO analysis

Prior Atlassian coverage

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