Slack, the $7 billion office messaging app that millennials love, just filed to go public in a really weird way
, Slack said it plans to list on the New York Stock Exchange under the ticker symbol"SK" through a direct listing — a unique alternative to the IPO in which private shareholders such as investors and employees sell their holdings directly to the public.
Unlike a standard IPO, Slack won't raise a bunch of new cash from investors rushing to buy its stock, and it won't set a share price.Slack is trimming its losses but says it may never be profitable The firm wrote:"We expect to continue to incur net losses for the foreseeable future and we may not achieve or maintain profitability in the future.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
EU watchdogs give banks no leeway on Brexit-driven hub demandsEuropean Union regulators are refusing to cut British-based banks any slack over...
Read more »
Is Silicon Valley Coming For Rosé?Famed venture capital firm Founders Fund just made its first-ever alcohol investment. Meet the 28-year-old entrepreneur behind the $7 million deal.
Read more »
I went to an auction at the world-famous Christie's auction house, which sold $7 billion worth of art, jewelry, and luxury goods in 2018, and it was nothing like I'd expectedI went to an auction at Christie's, where more than $30 million worth of jewelry was sold. I thought it would be stuffy and quiet — but it wasn't what I'd expected.
Read more »