Atlassian, the enterprise software-maker, has filed to go public.
The company tapped Goldman Sachs and Morgan Stanley to lead the offering. It plans to be listed under the “TEAM” ticker item on the Nasdaq stock exchange. According to its filing with the Securities & Exchange Commission (SEC) it plans to raise $250 million from the IPO, but TechCrunch says that’s a placeholder.
Atlassian was founded in Australia in 2002. The company has raised $210 million on the secondary market, but as the New York Times notes, it hasn’t raised an official funding round. The last private investment in the company reportedly gave it a valuation of $3 billion, making it a so-called “unicorn.”
The company says in its filing that it has been profitable for the last three years. (The profits themselves shrank between 2014 and 2015 because the company invested more in research and development than it did in previous years.) Its revenues rose from $148.5 million in fiscal 2013 to $319.5 million in fiscal 2015.
Atlassian split its flagship product, the JIRA product management and collaboration platform, into three parts in October. At the time, it said that the various aspects of the service are used by roughly 35,000 businesses across 165 countries. Splitting it into multiple pieces was supposed to boost those numbers.
Atlassian files for IPO, plans to list under ‘TEAM’ originally published by Gigaom, © copyright 2015.
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