Atlassian’s U.S.-listing plan deals blow to Australia’s tech sector

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[1] The decision by Australia’s biggest tech company, Atlassian, to go ahead with a $3 billion listing in the United States has been seen by many as a blow to Australia’s tech sector.

[2] Atlassian, the company behind project management software JIRA and team communication app HipChat, applied for an IPO prospectus in the US on Friday.

[3] According to chief executive of Freelancer, Matt Barrie, Atlassian could have been to list in Australia, citing the need for major players to build a local market.

Employees of software firm Atlassian are seen inside a meeting room at the company's office in central Sydney June 5, 2013.REUTERS/Daniel Munoz
Employees of software firm Atlassian are seen inside a meeting room at the company’s office in central Sydney June 5, 2013.REUTERS/Daniel Munoz

[Source] Australian Information Technology News – Atlassian’s U.S.-listing plan deals blow to Australia’s tech sector