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The last of the great tech unicorn IPOs (for 2015)

By Mary-Lynn Cesar for Kapitall Wire

Australian software maker Atlassian ( TEAM ) made its NASDAQ trading debut on Thursday, and with an IPO price at $21 per share , the company is the fifth biggest company to go public in 2015. Atlassian's IPO price gave the startup a valuation of $4.4 billion, making it significantly more valuable than the $3.3 billion reported in its previous funding round.

Atlassian's IPO approach is very different from that of Square ( SQ ), another unicorn-a privately-held company worth $1 billion or more-that went public last month. While Atlassian boosted its valuation with its IPO price, payments processor Square actually cut its sky-high $6 billion valuation down to $2.9 billion when it set its price at $9 per share (the stock has since been trading above $9).

However, unlike Square, Atlassian boasts that it has been profitable for the last decade and has never taken a dime of venture capital funding. The software company's strong financials have some doubting the existence of a tech bubble and dismissing concerns over the growing unicorn epidemic. For reference, there are currently 144 unicorn companies out there with a combined valuation of $505 billion.

Since opening at $21 on Thursday morning, Atlassian is the day's tenth most actively traded stock. Shares are up nearly 29 percent and are trading at $27.01.

Atlassian's IPO brings the grand total of tech unicorns going public in 2015 to four. Cloud stoage company Box ( BOX ) went public in January, flash storage firm Pure Storage ( PSTG ) debuted on the NYSE in October and Square IPOed on CEO Jack Dorsey's birthday in November.

Of those three startups, only Pure Storage is rallying above its 20-day, 50-day and 200-day simple moving average (SMA) , suggesting that the stock has strong upward momentum. That's in line with the most traded tech exchange-traded fund (by volume): the Technology Select Sector SPDR ETF ( XLK ), which tracks the Technology Select Sector Index of the S&P 500. That ETF is rallying 0.32% above its 20-day SMA, 2.19% above its 50-day SMA and 4.49% above its 200-day SMA.

Click on the interactive chart to view data over time.

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1. Box Inc. ( BOX , Earnings , Analysts , Financials ): Operates as a container leasing company worldwide. Market cap at $1.60B, most recent closing price at $13.40.

Box's IPO price was set at $14, and the stock opened at $20.20 on January 23 and closed at $23.23.

The stock is trading 0.66% below its 20-day SMA, 3.37% above its 50-day SMA and 14.82% below its 200-day SMA.

2. Pure Storage, Inc. ( PSTG , Earnings , Analysts , Financials ): Provides an enterprise data storage platform in the United States, Europe, and Asia. Market cap at $3.34B, most recent closing price at $17.55.

Pure Storage's IPO price was set at $17, and the stock opened at $16.74 on October 7 and closed at $16.01.

The stock is rallying 14.47% above its 20-day SMA, 5.79% above its 50-day SMA and 5.79% above its 200-day SMA.

3. Square, Inc. ( SQ , Earnings , Analysts , Financials ): Develops and provides point-of-sale software worldwide. Market cap at $3.88B, most recent closing price at $11.99.

Square's IPO price was set at $9, and the stock opened at $11.20 on November 19 and closed at $13.07.

The stock is trading 1.86% below its 20-day SMA, 1.86% below its 50-day SMA and 1.86% below its 200-day SMA.

(Monthly return data sourced from Zacks Investment Research. All other data sourced from FINVIZ.)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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