T Rowe Price deal values software company Atlassian at $3.3 bln
SAN FRANCISCO, April 8
SAN FRANCISCO, April 8 (Reuters) - Software-development company Atlassian has sold $150 million of its shares to mutual-fund giant T. Rowe Price, the company said on Tuesday.
The deal values the company at $3.3 billion, according to a person familiar with the transaction, catapulting Atlassian to an elite group venture-backed companies 10-figure valuations.
T. Rowe bought the shares from current and existing employees of Atlassian, rather than directly from the company, in deal known as a secondary financing. Atlassian employed the same secondary strategy when Accel Partners invested $60 million in 2010.