Australian startup Atlassian is planning an initial public offering (IPO) before the year is over, the Wall Street Journal reported.
The company behind the popular issue tracking software Jira has allegedly filed for an IPO, with its prospectus filed under the three-year-old Jumpstart Our Business Startups Act, which permits companies with under $1 billion in annual revenue to file in confidence.
Atlassian has reportedly hired Goldman Sachs Group Inc. and Morgan Stanley to work on the offering, but it is unconfirmed if the Sydney-based company will appear on the NASDAQ or the New York Stock Exchange.
With a client portfolio that includes names such as Facebook, NASA, Cisco, Netflix, eBay, and Toyota, the exact current valuation of Atlassian is unknown, but in April last year, the enterprise software firm was reportedly valued at $3.3 billion.
In April, Atlassian acquired French video conferencing firm, Blue Jimp for an undisclosed amount.
Blue Jimp is best known for its open-source chat and video conferencing platform Jitsi, and at the time, Atlassian said that it plans to draw upon Blue Jimp's team and technology to broaden the functionality of its own HipChat offering.
"The Jitsi Videobridge relays video rather than mixing it, which provides improved scale with higher quality and lower latency," Atlassian said. "These are very good things."
San Francisco-based real-time chat and messaging app Hall was also acquired by Atlassian in May, in a bid to support the HipChat platform.
As part of the acquisition, existing Hall customers including Amazon.com, JC Penny, NetApp, and Intuit were transitioned over to HipChat.
Last year, Atlassian co-founder and co-CEO Mike Cannon-Brookes announced that the Australian startup was focusing on the growth of HipChat.
"We want to put HipChat everywhere" the CEO said.
Californian HipChat was acquired by Atlassian in 2012, and since then, Cannon-Brookes said the Sydney-based startup has introduced group chat, file sharing, and unlimited integrations to the platform over the course of the past year.