Technology
Slack plans IPO in 2019
-
Slack is planning to IPO in 2019, as first reported by
the Wall Street Journal and confirmed to Business Insider by a
person familiar with the matter. -
According to the Journal’s sources, the upcoming IPO
will take place within the first two quarters of 2019, and will
value the company around $7 billion.
Slack is planning to IPO in 2019.
The upcoming IPO — which
was first reported by the Wall Street Journal and
confirmed to Business Insider by a person familiar with the
matter — is scheduled to take place by fall 2019 and could value
the company around $7 billion, according to the Wall Street
Journal’s sources.
A spokesperson for Slack said that the company does not provide
comment on “rumors and speculation.”
In 2017, Slack CEO Stewart Butterfield told Bloomberg that an IPO
was still a long way off. The company most recently
closed a $427 million funding round in August led by
Dragoneer Investment Group and General Atlantic, which
valued it at more than $7
billion.
While the San Francisco-based company has yet to hire
underwriters, the Journal’s sources report that the company is
actively preparing to go public.
Slack was founded in 2009. Its popular work chat
software is
estimated to be used by 8 million people daily.
-
Business7 days ago
Langdock raises $3M with General Catalyst to help businesses avoid vendor lock-in with LLMs
-
Entertainment6 days ago
What Robert Durst did: Everything to know ahead of ‘The Jinx: Part 2’
-
Entertainment6 days ago
This nova is on the verge of exploding. You could see it any day now.
-
Business6 days ago
India’s election overshadowed by the rise of online misinformation
-
Business5 days ago
This camera trades pictures for AI poetry
-
Business6 days ago
CesiumAstro claims former exec spilled trade secrets to upstart competitor AnySignal
-
Business4 days ago
TikTok Shop expands its secondhand luxury fashion offering to the UK
-
Business5 days ago
Boston Dynamics unveils a new robot, controversy over MKBHD, and layoffs at Tesla