Nasdaq-listed Australian software giant Atlassian has seen its shares fall more than 10% in after hours trade following the release of its December quarter results, which posted a US$99.2 million loss. The loss compares to a rare profit of $23 million 12 months earlier. Now in its 21st year of operations, Atlassian has yet to… Read more »
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 »
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 »
BigCommerce, the e-commerce platform founded in Sydney that’s gone on to become Shopify’s biggest rival, has seen its shares treble in value as US investors piled into the tech venture following its listing on the Nasdaq this week. Now headquartered in Austin, Texas the SaaS venture (Nasdaq: BIGC) raised US$216 million with IPO at $24… Read more »
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 »
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