It's touted as one of Australia's biggest technology success stories and Australians are expected to join the throng of international investors jostling for a slice of Atlassian's initial public offering (IPO). 
Chad Padowitz, Melbourne-based chief investment officer at international equities house Wingate Asset Management, is one of the fund managers taking a close look at Atlassian's offer.
The software group, set up by University of NSW computer programmers Mike Cannon-Brookes and Scott Farquhar, is expected to list on the Nasdaq exchange.
Mr Padowotz said that a non-US company listing on the Nasdaq had to arguably display better qualities than a local counterpart in order to be taken seriously, and that positive sentiment towards Atlassian in the US suggested it was a high-quality business.
He also said buzz around the IPO could increase the likelihood of other Australian tech companies making waves in the US.
"Any company that can be born in Australia and take it to the level of success that [Atlassian] appears to be doing here, opens up the road for other Australian companies to follow suit," Mr Padowitz said. "It's a hard thing to do, and by them doing that, it sends a signal to other entrepreneurs, 'don't be afraid to have a go'."
Australian retail investors keen to tap the IPO directly will have to wait to see if Goldman Sachs and Morgan Stanley, the joint lead managers of the float, will open an allocation to Australian investors. Otherwise, they can try to enter the float through a global equities fund manager that will participate in the IPO, says Will Hamilton, managing partner at Hamilton Wealth Management. "They've got the two ways of doing it - directly, or you can speak with a fund manager and see what their view is on this," he said.
Retail investor demand for quality international companies, including technology-growth stocks such as Atlassian is expected to rise.
Figures from Investment Trends showed 29 per cent of investors intend to pump money into the equities market as they worry about a slowdown in China, and that 12 per cent will invest in international assets such as global shares. "We will get questions about the Atlassian float, absolutely," Mr Hamilton said.
Atlassian filed a preliminary prospectus on Monday, revealing that its annual revenue had surged to $US320 million ($455 million). The deal is expected to become the largest initial public offering by an Australian technology company.
Atlassian provides enterprise and project management software, and produces chat tools. Among Atlassian's clients are finance giants HSBC and Visa and Elon Musk's electric car maker, Tesla Motors.
"Our products help teams organise, discuss and complete their work. And what teams do can change the world," the founders said in their IPO letter to prospective investors.
"We have an incredible opportunity to help millions more teams in organisations across nearly every industry. Teamwork is hard. We make it easier."
The enterprise software company has been profitable for the past decade, with net income of $US10.8 million in fiscal 2013, $US19.0 million in financial year 2014 and $US6.8 million for the year ended   June 30.