SHAREMARKET FLOATS – UNITED STATES

CBA can win big from Klarna float

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 15 & 19 : 3-Sep-25

Global digital bank and ‘buy now, pay later’ provider Klarna recently filed documents with the Securities & Exchange Commission for an IPO in the US. Klarna is currently believed to be valued at between $US13bn ($19.9bn) and $US14bn. The Commonwealth Bank’s latest annual report values its stake in Klarna at $956m, compared with a peak of nearly $3bn at the height of the BNPL boom. Analysts expect the Commonwealth Bank to sell down its Klarna stake, either via the IPO or on the open market; Hamish Carlisle from Merlon Capital Partners says Klarna has been "strategically peripheral" for the big four bank.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, KLARNA, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION, MERLON CAPITAL PARTNERS PTY LTD

Atlassian prices IPO with record $US4.4b valuation

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Original article by John Kehoe
The Australian Financial Review – Page: 13 & 18 : 11-Dec-15

Atlassian Corporation debuted on the NASDAQ stock exchange on 10 December 2015. Investors paid a slightly higher than expected $US21 per share in the $US462m IPO, valuing the software developer at around $US6.1bn. Atlassian was founded by Australian entrepreneurs Mike Cannon-Brookes and Scott Farquhar, who will now rank among the nation’s 20 wealthiest individuals on the "BRW" Rich List.

CORPORATES
ATLASSIAN CORPORATION PLC, NASDAQ, UNIVERSITY OF NEW SOUTH WALES, MYOB GROUP LIMITED – ASX MYO, DEALOGIC (AUSTRALIA) PTY LTD, T ROWE PRICE GROUP INCORPORATED, SQUARE INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, GODADDY.COM INCORPORATED, PURE STORAGE, RENAISSANCE CAPITAL CORPORATION, FACEBOOK INCORPORATED, UNITED STATES. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, VISA INTERNATIONAL, NETFLIX INCORPORATED, EBAY INCORPORATED, TOYOTA MOTOR CORPORATION, NEWS CORPORATION – ASX NWS, GOOGLE INCORPORATED, ALIBABA.COM CORPORATION

Atlassian on the verge of record-breaking float in the US

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Original article by John Kehoe
The Australian Financial Review – Page: 20 : 7-Dec-15

Australian software developer Atlassian is reportedly due to list on the Nasdaq stock exchange on 10 December 2015, although this has yet to be confirmed. The group’s IPO is expected to be worth about $US350m, with its shares likely to be issued at between $US16.50 and $US18.50 apiece. Data from Renaissance Capital shows that the number of technology IPOs in the US has fallen from 55 in 2014 to just 22 so far in 2015.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, NASDAQ, RENAISSANCE CAPITAL CORPORATION, MYOB GROUP LIMITED – ASX MYO, GARTNER GROUP INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, UNIVERSITY OF NEW SOUTH WALES

Atlassian IPO to recharge tech scene

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Original article by Paul Smith, John Kehoe
The Australian Financial Review – Page: 17 & 32 : 11-Nov-15

The prospectus for Atlassian Software’s IPO in the US shows that the group boasted net income of $US6.8m and revenue of $US319.5m in 2014-15. The Australian technology company has been profitable for the last 10 years, in contrast to many peers that are valued at more than $US1bn. The Industry, Innovation and Science Minister, Christopher Pyne, has welcomed confirmation of the IPO, and says the Federal Government’s innovation agenda statement could result in the creation of more companies like Atlassian.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, XERO LIMITED – ASX XRO, UNLOCKD, CAMPAIGN MONITOR PTY LTD, BIGCOMMERCE PTY LTD

Atlassian takes first step to $3b US float

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Original article by Tim Binsted
The Australian Financial Review – Page: 13 & 18 : 28-Sep-15

Experts say the proposed US sharemarket float of Atlassian Software is likely to boost Australia’s technology sector. Atlassian has filed the prospectus for its IPO, which could potentially be worth more than $A3bn. Media reports in the US have suggested that the IPO will be undertaken before the end of 2015, although co-founder Mike Cannon-Brookes has declined to comment. He recently said Atlassian does not have a deadline for an IPO.

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, FREELANCER LIMITED – ASX FLN, MYOB GROUP LIMITED – ASX MYO, RIGHT CLICK CAPITAL MANAGEMENT PTY LTD, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, THE GOLDMAN SACHS GROUP INCORPORATED, MORGAN STANLEY AND COMPANY INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN LABOR PARTY, GENERAL ELECTRIC COMPANY, EBAY INCORPORATED, NASDAQ, NEW YORK STOCK EXCHANGE, ORACLE CORPORATION, MICROSOFT CORPORATION, SAP AG, IBM CORPORATION

Xero soars and eyes US listing

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Original article by Paul Smith
The Australian Financial Review – Page: 23 & 28 : 26-Feb-15

Australian-listed online accounting software developer Xero has received a $NZ132.9 million ($A127.6 million) investment from US firm Accel Partners. Xero CEO Rod Drury said the company will seek a US listing at the end of 2015. Its shares rose sharply on 25 February, closing 27.8 per cent higher at $A22.60

CORPORATES
XERO LIMITED – ASX XRO, ACCEL PARTNERS, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, FACEBOOK INCORPORATED, MATRIX CAPITAL PTY LTD

Atlassian fast tracks NYSE float

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 12-Feb-15

Australian entrepreneurs Scott Farquhar and Mike Cannon-Brookes are currently in 35th and 36th place on the "BRW" Rich List. However, their personal wealth is likely to increase significantly if Atlassian Software lists on the US sharemarket. The company has recruited former eBay executive Erik Bardman to fill the post of CFO. Atlassian president Jay Simons has given indications that the group could pursue an IPO in 2015

CORPORATES
ATLASSIAN SOFTWARE SYSTEMS PTY LTD, EBAY INCORPORATED, GENERAL ELECTRIC COMPANY, NEW YORK STOCK EXCHANGE, NASDAQ, ORACLE CORPORATION, SAP AG, IBM CORPORATION, MICROSOFT CORPORATION, COCHLEAR LIMITED – ASX COH, UNITED STATES. NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, T ROWE PRICE GROUP INCORPORATED, DRAGONEER INVESTMENT GROUP LLC, HORTONWORKS, NEW RELIC, BOX, CISCO SYSTEMS INCORPORATED, CITRIX SYSTEMS INCORPORATED

NAB pitches $1.7b US bank ahead of major sell-down

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Original article by John Kehoe
The Australian Financial Review – Page: 13 : 22-Sep-14

National Australia Bank (NAB) is believed to be planning a partial IPO of US-based Great Western Bank, which it acquired in 2007. The banking major will retain a stake of around 70 per cent, which is expected to be divested during the 12 months following the IPO. NAB will hold a roadshow for US investors in October 2014, and there are expectations that it could gain around $US1.5bn ($A1.7bn) in total from the sale of Great Western

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, GREAT WESTERN BANK, NEW YORK STOCK EXCHANGE, HOMESIDE LENDING INCORPORATED, CLYDESDALE BANK PLC, YORKSHIRE BANK PLC, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION, DEUTSCHE BANK AG, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, ROYAL BANK OF SCOTLAND GROUP PLC, CITIZENS FINANCIAL GROUP INCORPORATED