Re:Atlassian IPO
by nness on Sunday September 27, 2015 @10:12PM
(#10288634)
> 'The best thing Atlassian could have done for the local sector would have been to list in Australia'
It is my understanding that, and in the layman's terms I understand it, the Australian taxation system is not well suited for IPO's like this, as you are taxed at the time you acquire the shares and again when you sell them.
Plus, an US IPO makes far more sense, given that Atlasssian's biggest clients aren't in Australia.
Still, somewhat sad for Australia's tech industry.
It is my understanding that, and in the layman's terms I understand it, the Australian taxation system is not well suited for IPO's like this, as you are taxed at the time you acquire the shares and again when you sell them.
Plus, an US IPO makes far more sense, given that Atlasssian's biggest clients aren't in Australia.
Still, somewhat sad for Australia's tech industry.