The tech initial public offering market has been a big letdown this year — there were only 22 deals, with the average return of about 12%.
Although, it does look like things will end on a positive note, with the upcoming Atlassian IPO (the offering is expected to hit the markets on Thursday with the ticker of TEAM). The company, which develops cloud-based collaboration software, is definitely ginning up lots of interest from Wall Street.
Keep in mind that the underwriters of the Atlassian IPO — which include Goldman Sachs (GS), Morgan Stanley (MS), Allen & Company, UBS Investment Bank (UBS) and Jefferies — have boosted the terms on the deal. Read