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With another point of view, I'm asking: What will the proceeds of the IPO be used for? Do current shareholders sell part of their shares, or is it newly emitt
by tajen 11y ago
With another point of view, I'm asking:
What will the proceeds of the IPO be used for?
Do current shareholders sell part of their shares, or is it newly emitted shares? If newly emitted, will they dilute the founder's shares? Thus, at the end, will this money be used for investment and sudden, huge growth, or will Atlassian stay on their "bootstrapper" growth rate?
- coryl 11y agoAren't all IPOs principally the same in that a company raises money by selling new shares to the public, and those companies shares can then be traded publicly? (With the exception of lockups, etc.)
- tajen 11y agoIt probably depends on the company: Founders and employees may seek liquidity, for example. According to http://seekingalpha.com/article/3746196-ipo-preview-atlassian-corporation-plc http://seekingalpha.com/article/3746196-ipo-preview-atlassia..., it looks like Atlassian offers 10% in the IPO. But I'm not a financial analyst.