Exclusive: Atlassian IPO to raise upwards of $370 million by Dan Primack @FortuneMagazine November 27, 2015, 8:48 AM EST E-mail Tweet Facebook Linkedin Share icons Atlassian Corp., a provider of cloud-based workplace collaboration software, is planning to raise between $330 million and $370 million in its upcoming initial public offering, according to a source familiar with the situation. The Australia-based company previously filed to raise $250 million, but the source says that it will soon file paperwork with the SEC that reveals terms of 20 million shares being offered at between $16.50 and $18.50 per share. A formal road-show is expected to begin on Monday, with the company expected to begin trading the following week on the Nasdaq under ticker symbol TEAM. Atlassian reports nearly US$7 million of net income on $319.5 million in revenue for the year ending June 30, 2015 — compared to $19 million of net income on $177 million in revenue for the year-earlier period. Shareholders include venture capital firm Accel (12.5% pre-IPO stake), T. Rowe Price and Dragoneer Investment Group. At the high end of its range, we’re told that Atlassian’s fully diluted valuation would be approximately $3.94 billion, compared to its most recent private valuation of around $3.3 billion (or $16 per share). Get Term Sheet, our daily newsletter on deals & deal-makers.