Atlassian's plan to list in US a blow to Aussie tech sector

Sydney

A DECISION by Australia's biggest tech company, Atlassian, to pursue a US$3 billion listing in the United States is a blow to Australia's ambitions to make technology a driver of the economy, a tech executive said on Monday.

Atlassian's defection comes just weeks after the elevation of tech-savvy Malcolm Turnbull as prime minister was cheered by the business community, particularly funding-starved startups that are hoping for a more amenable investment climate.