Atlassian Closes 32% Above IPO Issue Price

By Caitlin HustonMarketWatch Pulse

Atlassian Corp. , an enterprise software company, closed at $27.78 Thursday, up 32% from its issue price. The company had set an issue price of $21 Wednesday night, above its previously given range of $18 to $20. With the offering, the company said it was selling 22 million shares to raise $462 million. Volume was about 15 million shares, which was more than triple the average volume of the S&P 500 stocks, according to FactSet.

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