Re:Atlassian gets IPO share price of $27
by jbrad7354 on Thursday December 10, 2015 @04:17PM
(#10713532)
I like Atlassian and we use JIRA, Confluence and Stash.
Do I think Atlassian is worth $6bn? No. I planned to buy ~100k in stock at the open, saw the $27 open price, and cancelled my trade.
Is this a nice result for the founders? Yes. :)
Starting price on IPO day means little. It was flat the entire day. The way to judge these is in a couple of weeks (2-3 weeks) to see where the market really values it. See RACE for an example. That had a stronger IPO day "pop" and... here we are. :)
Do I think Atlassian is worth $6bn? No. I planned to buy ~100k in stock at the open, saw the $27 open price, and cancelled my trade.
Is this a nice result for the founders? Yes. :)
Starting price on IPO day means little. It was flat the entire day. The way to judge these is in a couple of weeks (2-3 weeks) to see where the market really values it. See RACE for an example. That had a stronger IPO day "pop" and... here we are. :)