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back to article Millionaire staffers pop corks at Atlassian as Oz biz raises $462m

The champagne must have been flowing at Australian developer Atlassian last night as the company's shares soared by 32 per cent on its first day of public trading, reportedly instantly turning 100 staffers into millionaires. Shares of the Aussie software-as-a-service maker, which helps companies collaborate and manage their …

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  1. John Latham

    Cash OnDemand

    Maybe they can use some of this money to sort out the truly excremental performance of OnDemand/Cloud JIRA.

    1 0 Reply
  2. The entire Radio 1 playlist commitee
    Pint

    Sirs, I salute you

    1 0 Reply
  3. Anonymous Coward
    Anonymous Coward

    They have my congratulations.

    It's really something to have a successful tech IPO despite making the silly mistake of being consistently profitable.

    If they'd gone the tried and trusted route of haemorrhaging so much money that they needed repeated rounds of VC funding then who knows how many palms would have been greased to get them a $10bn valuation by now.

    7 0 Reply
    1. Anonymous Coward
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      Anonymous Coward

      5.2bn/(4*104mn) = 12.5x multiple, which doesn't seem entirely unbelievable thereby making the company a rare beast in the IT world where valuations reach the stratosphere based on profits that might only one day appear.

      0 0 Reply
  4. oomwat

    Not champagne

    Knowing the Atlassians, it will have been beer, or maybe martinis rather than champagne :D

    1 0 Reply

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