The market had mixed reactions to the announcements, as Amcor shares dropped just over 6% coming out of its trading halt. However, the fact is, it makes far more sense for Amcor to be listed in the US than Australia. The company makes approximately 85% of its revenue from the Americas, Europe and Middle East markets. Additionally, Amcor reports its earnings in US dollars, and the acquisition of Bemis will provide greater exposure to the U.S. market.
Since it listed in the US at an IPO price of $27.50 in December 2015, Atlassian share price has scaled to new heights. In June this year, it was trading above $67.
Dropbox Inc. is a San Francisco-based cloud storage company which listed on the NASDAQ on the 23rd of March 2018, a Friday ending the S&P 500’s worst week in more than two years amid talks of a global trade war and interest rate rises. Despite this, Dropbox saw gains of 35% on its first day with a valuation of over $US11bn.