Atlassian prices IPO higher than expected
Atlassian priced its initial public offering higher than expected Wednesday evening, even after raising expectations earlier this week. The Australian software firm priced its debut shares at $21, after earlier increasing its projected range from $16-$18 to $19-$20. By selling 22 million shares, the company raised $462 million and established a market valuation of nearly $4.4 billion. The amount raised is the 5th largest for a U.S. IPO this year and third largest for a tech company, behind First Data Corp and Fibit Inc. , Renaissance Capital reported.
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