Sure, they have. So, they certainly can. The question for Atlassian is how fast....

		dalbasal on June 30, 2022 \| parent \| context \| favorite \| on: Atlassian is 20 years old and unprofitable Sure, they have. So, they certainly can. The question for Atlassian is how fast. 20-30% doesn't get you to a justification for Atlassian's peak value. It doesn't inspire "the next Microsoft" vibes. Maybe after 10-15 years of growth at this rate, it would... but the market's not paying these prices for that. Atlassian becomes an acquisition target if stock prices reflect a 20% rate of growth.

Since founders hold ~90% voting power combined, no, it's not gonna become an acquisition target.