Popular workplace messaging app Slack Technologies is planning to go public through a direct listing next quarter, WSJ reports. In a direct listing, a company bypasses the traditional underwriting process,
letting the open market play a greater role in setting the price instead of lining up investors ahead of time. Spotify (NYSE:
Slack is aiming for an initial public offering (IPO) in the first half of the year that would value the California startup at well above the $7.1 billion it reached in its most recent funding round.
The company declined to comment, with a spokesman saying "Slack does not comment on rumors or speculation."
Slack Technologies Inc is “seriously” considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday.
Fandomfare Gaming Entertainment no.1 source in, Gaming news, Live Game Streaming , PC Gaming & related Events E3, Gamecon and more, eSports event news and releases gaming technologies.
Fandomfare Gaming Entertainment Video Games | Game Reviews | Game Streaming |Linux Distribution | more than 20-year online gaming and following the gaming industry\
Latest posts by JADIRI GAMER (see all)
- Pinball FX3 receives Williams™ Pinball: Volume 5 just in time for the Holidays – Available Now! - December 10, 2019
- THE SHOVEL KNIGHT SAGA IS FINALLY COMPLETE - December 10, 2019
- New Dev Diary from Dual Universe Developer Novaquark - December 10, 2019