I was browsing some Bitbucket API documentation somewhere when I read something like - Atlassian IPO’d with a market capitalization of 4.37 Billion
I wanted to make sense of that sentence a bit more than I already did.
Obvious - but worth stating for the record: Atlassian builds Bitbucket.
Atlassian was publicly listed on NASDAQ on December 10, 2015.
The symbol for the company was the memorable word - TEAM
And just in case you wish to know - NASDAQ stands for:
National Association of Securities Dealers Automated Quotations
That was a serious WTF moment for me.
Anyway - turns out I don’t know anything about:
- Atlassian
- NASDAQ
- Or market
- Or capitalization
But I do know one thing: 4,370,000,000 – That’s a huge number
Here’s a visualization I drew for myself:
Then I googled for TEAM, and found its stock market history.
I went to the very beginning, Day 1. And saw this:
So I figure 28 * 17M should give the market capitalization - but then no. That’s an order of magnitude lesser than expected.
Turns out - that is merely the trading volume for the day; that is N number of shares were outstanding - up for the grabs - and only a percentage of that ended up getting traded:
Tried trawling for data elsewhere, different sites, different places, stil not getting the numbers I need.
Finally - in the NASDAQ site saw some relevant data:
Tried pluggin and chugging a few numbers - no luck.
Finally I went to the source at SEC filing and found the following:
So that’s the number of shares available - making up of Class A and Class B shares.
I didn’t go into much details on this differrentiation - but there’s voting differences, etc - which is beside the point now. Many of the data trawling sites seem to get this wrong.
Anyway - now that I know the necessary details, I could calculate market capitalization:
Now - that’s 5.8 Billion. And that matches the news:
