Atlassian, which makes business enterprise software targeted at software developers, announced terms for its IPO on Friday.
The Sydney, Australia-based company plans to raise $350 million by offering 20 million shares at a price range of $16.50 to $18.50. At the midpoint of the proposed range, Atlassian would command a basic market value of $3.6 billion.
Atlassian, which was founded in 2002 and booked $353 million in sales for the 12 months ended September 30, 2015, plans to list on the Nasdaq under the symbol TEAM. Goldman Sachs, Morgan Stanley, Allen & Company, UBS Investment Bank and Jefferies are the joint bookrunners on the deal. IPO timing was not disclosed.
