Atlassian, the famous enterprise software group has recently told about their plan of IPO. As they have mentioned, they started working on it and all their proceedings towards IPO was reported immediately to the reporters and media. But the company has not announced the price of their shares so long. Now the company has also announced the share price. According to the announcement made by the officials of Atlassian, each share will be sold in the market for $21 each. This is really going to be a great success for the Atlassian, said the marketers who were watching the company keenly on their steps.
22,000,000 shares will be sold at a price of $21 each
The Atlassian has planned to sell a total of 22,000,000 shares in this IPO. All these shares belong to class A and are ordinary shares, said the company officials to the reporters. Each of these shares will be sold at a price of $21 to the marketers. The company has also given 30 days extra time for the underwriters. And an additional 3,300,000 shares were allotted for them to buy during this extra 30 days time. The underwriters are allowed to buy the shares at the same price as the other marketers buy during the IPO.
The company is expected to initiate their trade in the NASDAQ by this December 10, 2015 and the shares of the company will be sold in the symbol “TEAM”. There are no existing investor shares being sold in this IPO, said the officials. All the shares sold by the Atlassian now in this IPO are the shares of the company itself and not any existing investor shares. The company is expected to perform the best in this IPO, said many marketers and analysts of NASDAQ, since the industry is doing well now.
The IPO will strictly follow the prospectus
Atlassian has clearly told that the IPO will be strictly following the procedures that have been mentioned in the prospectus provided by the company. Also the company has made it very clear that there won’t be any changes in the procedures during the initial public offering for any cause. The copy of the prospectus can be availed at the lead joint booking running managers and also in the website of Securities and Exchange Commission. The company has also told that a soft copy of the prospectus will be sent to the investors on request through mail.
The Securities and Exchange Commission has made the relative statement effective, which was registered along with the prospectus. Any press release about this IPO should not be containing any offer regarding the IPO or the shares, said the SEC. press releases containing such offers will be considered illegal and also SEC has made it very clear that there should not be any illegal activities regarding the sales and trade. Any such illegal activities found by SEC will be taken severe actions. Thus it is better to follow the prospectus for this IPO.
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