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.
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