Slack Technologies, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange

Slack Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing

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Slack Technologies, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed public listing of its Class A common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, so/licitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Slack Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing
Fewer meetings, less internal email, all your tools integrated. That's Slack. Instant Messaging. Searchable Archive. Sync Across All Devices. File Sharing. Screen Sharing. Services: Instant Messaging, File Sharing, 1000+ App Integrations, Searchable Archive, Screen Sharing, Voice Calls

ABOUT SLACK

Established in 2009, Slack rose up out of the remnants of a fizzled diversion organization called Tiny Speck, which shut down in 2012. Modest Speck's group was disappointed with the specialized instruments accessible at the time and fabricated what at last ended up Slack en route. Its unusual stylish and engineer benevolent plan made it a moment indication with programming new companies, newsrooms, and soon numerous others. Early adopters spread the gospel to little and mediums organizations, and afterward Slack tackled the undertaking space. The organization has developed from 22 individuals in 2011 to in excess of 1,000 today.

Slack is currently the prevailing work environment correspondence and joint effort instrument. In the course of the most recent five years, it figured out how to overshadow pretty much every real rival in the space. One of the biggest, Atlassian, offered HipChat and later Stride. In any case, Atlassian reported it is resigning the two items by this month. furthermore, leaving the correspondence business completely for venture the executives. An "association" Atlassian hit with Slack a year ago sent its previous opponent the IP behind HipChat and Stride, and relocated its clients over to Slack, which likewise got a little value speculation from Atlassian in the arrangement. That leaves Microsoft's Teams. In 2016, Microsoft endeavored to get Slack for $8 billion, and fizzled. Microsoft said last March that Teams is utilized by 200,000 associations, up from 50,000 when it propelled in 2017.

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Slack Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing 5

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