Home / Business / Slack is planning a direct IPO in 2019, as Spotify did for the last time

Slack is planning a direct IPO in 2019, as Spotify did for the last time



Slack can bypass IPO subscribers like Goldman Sachs and go directly to the market with its next public offering. This is what a new report of the Wall Street Journal. If Slack does, it will be the second major company to use a direct quote after Spotify did it last April on the New York Stock Exchange. The Spotify IPO was considered by the majority as a success.

The report says Slack is likely to maintain its IPO in the second quarter of this year. The San Francisco-based company currently plans to use a direct listing, the WSJ report says, but you could also change your plans before the time comes.

We contacted Slack to make comments and will update it if we receive a response.

When traditional subscribers handle a large IPO, they form large institutional investors ahead of time, and this helps to set the selling price for stocks when trading opens. A good amount of money is also made in advance for the OPI company.

Slack can afford to go without that quick money. The company raised $ 427 million in new funds in August, which gives it a valuation of $ 7.1 billion. On the positive side, Slack would avoid paying large subscription fees, and its employees would avoid a waiting period before selling their shares.

In 2018, Slack had more than 8 million active daily users, including 3 million paying users. The company was launched in 2013 and offers a more functional way of carrying out messages between offices and sharing content.

The company has received a lot of attention from the media and exaggerations of investors, and probably deserved it. We will know for sure when the company becomes public this year.


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