قالب وردپرس درنا توس
Home / Business / Slack confidential files IPO paper

Slack confidential files IPO paper



On Monday, the company announced that it had signed up for a "proposed public listing" with the US Securities and Exchange Commission.

The Wall Street Journal previously reported that Slack, as Spotify before that, would go public through a direct listing instead of raising new capital. In April Spotify achieved its existing shares directly on the New York Stock Exchange without having the underwriters price out of the shares based on expected demand.

A direct listing can be of use to people who work at Slack because employees and long-term owners can sell shares on the day one. In the case of a traditional stock exchange listing, there is a stock lock period for months before they can sell.

Slack CEO and co-founder Stewart Butterfield is known to say the company is opportunistic to capitalize on people's interest in the service ̵

1; whether it be from investors who want to raise money into the company or expand slack into new countries.

 Instacart CEO confirms IPO is definitely & # 39; on the horizon

The company has been vocal about accepting new investment, although it has not yet pressed the vast majority of the money in its warchest.

To date, about $ 1.2 billion has increased from investors, including SoftBank and Accel. In August, the company was valued at $ 7.1 billion.

Slack's messaging service helps employees better collaborate at work. It has been called an "email killer", which gives users a chatroom-like service to cut down on the messy inboxes.

The service has 10 million daily active users globally. Japan is the second largest market with half a million active daily users in the country in July.

Slack relies on businesses to sign up for a paid version of the service to make money. The company said it has 85,000 paid customers worldwide.

It continues to face competition from major technicians, including Google's Hangouts, Facebook's workplace and Microsoft's team. Microsoft was allegedly once interested in buying Slack for around $ 8 million before creating it.

Slack, launched in San Francisco in 2013, is one of several technical "unicorns" – the term for private $ 1 billion or more – slated to go public this year. Uber, Lift and Airbnb are also expected to become IPO in 2019.


Source link