Final Tally On Atlassian IPO Tops $500 Million

By Jeremy C. OwensMarketWatch Pulse

Atlassian Corp. PLC said Tuesday that it sold all of the shares it offered in its initial public offering, including the so-called greenshoe, which was offered by early investors. The Australian software company said that it sold 25.3 million shares in total at a price of $21 apiece, to bring in $531.3 million. 3.3 million shares, offered to underwriters only if demand existed, came from shareholders, providing Atlassian with $431.8 million after commissions and expenses, the company said. The offering was the fifth largest U.S. IPO of the year, according to Renaissance Capital, and the third-largest tech IPO. Atlassian shares closed Tuesday with a 0.9% gain at $26.50.

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