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ASX

Altium shares soar after knocking back Autodesk’s $5bn takeover bid

- June 7, 2021 2 MIN READ

Shares in ASX-listed software venture Altium (ASX: ALU) jumped 40% after the company rejected an unsolicited $5 billion takeover offer from NASDAQ-listed multinational software behemoth Autodesk. The non-binding, indicative and unsolicited offer from for 100% of Altium at A$38.50 per share, by way of a scheme of arrangement, was rejected as “significantly” undervaluing the business,… Read more »

News & Analysis

SPAC ATTACK: Brisbane EV charging venture Tritium heads to NASDAQ listing with $1.55 billion valuation

- May 27, 2021 3 MIN READ

Brisbane-based electric vehicle fast charging company Tritium will list on the NASDAQ exchange under a deal with a US listed special purpose acquisition company (SPAC) Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN) that values the 20-year-old Australian business at A$1.55 billion (US$1.2bn). Founded in 2001 by e-mobility pioneers Dr David Finn, James Kennedy, and Dr… Read more »

News & Analysis

Atlassian just had another massive year with $2.2 billion in sales – but it’s still running at a loss

- July 31, 2020 3 MIN READ

Atlassian Corporation saw revenue in the June quarter jump by 29% on 12 months ago, while total revenue for FY2020 hit US$1.6 billion (A$2.2 bn), up 33% from 2019. The US-listed (Nasdaq: TEAM) Australian software giant posted total revenue was US$430.5 million for the fourth quarter of fiscal year 2020 alongside an operating loss of… Read more »