Heard on the Street: It’s unclear why Slack is forgoing a traditional IPO. What is clear is the messaging platform doesn’t need the money
It is unclear why Slack Technologies is choosing to forgo a traditional initial public offering. What is clear is that the corporate-communications platform doesn’t need the money.
Unlike Pinterest, Zoom Video and Lyft—the three most recent technology companies valued at over $1 billion to go public—Slack is pursuing a direct listing over a formal IPO. In choosing this path, which cuts out middlemen by offering only existing shares directly onto a stock exchange, Slack will save a small fortune in investment-banking fees that...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
slack - MarketWatch.com Search
Read more »
Slack non-IPO: 5 things to know about the direct listingSlack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA.
Read more »
Slack files to bypass traditional IPO, reports $400 million in revenue, $138 million in lossesThe work messaging app narrowed its annual losses to 139 million this year.
Read more »
Slack could publicly file its S-1 this week in a major step toward an IPOSlack, the $7 billion workplace chat app, is expected to file its S-1 on Friday.
Read more »
Slack valued near $17 billion on secondary market ahead of public offeringSlack investors are getting up to $28 a share to sell some of their holdings ahead of a public offering.
Read more »
Slack files to go public, revealing $400 million in revenue and $139 million in lossesSlack will pursue a direct listing on the New York Stock Exchange under the symbol 'SK.'
Read more »
Slack Files to Go Public via Direct ListingSlack Technologies Inc. published plans for its unusual initial public offering, detailing financial results of a fast-growing business whose software has become the main method of communication for some customers.
Read more »