{"id":14121,"date":"2019-02-04T19:35:02","date_gmt":"2019-02-04T19:35:02","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/workplace-messaging-platform-slack-has-confidentially-filed-to-go-public.html"},"modified":"2019-02-04T19:35:02","modified_gmt":"2019-02-04T19:35:02","slug":"workplace-messaging-platform-slack-has-confidentially-filed-to-go-public","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/workplace-messaging-platform-slack-has-confidentially-filed-to-go-public.html","title":{"rendered":"Workplace messaging platform Slack has confidentially filed to go public"},"content":{"rendered":"

Slack, the provider of workplace communication and collaboration tools, has submitted paperwork with the Securities and Exchange Commission to go public later this year, the company announced<\/a> on Monday.<\/p>\n

This is its first concrete step toward becoming a publicly-listed company, five years after it launched.<\/p>\n

Headquartered in San Francisco, Slack has raised more than $1 billion in venture capital investment, including a $427 million funding<\/a> round in August. The round valued the business at $7.1 billion, cementing its position as one of the most valuable privately-held businesses<\/a> in the U.S.<\/p>\n

The company counted<\/a> 10 million daily active users around the world and 85,000 paying users as of January 2019. According to data provided by SensorTower, Slack\u2019s new users on mobile increased roughly 21 percent last quarter compared to Q4 2017, while total installs on mobile grew 24 million. The company recorded 8\u00a0million installs in 2018, up 21 percent year-over-year.<\/p>\n

Slack\u2019s investors include SoftBank\u2019s <\/a> Vision Fund,\u00a0Dragoneer Investment Group, General Atlantic, T. Rowe Price Associates, Wellington Management, Baillie Gifford, Social Capital and IVP, as well as early investors Accel and Andreessen Horowitz.<\/p>\n

Slack is one of several tech unicorns on deck to go public this year. Uber and Lyft have both similarly filed confidentially to go public<\/a> in what are expected to be traditional initial public offerings. Slack, however, is expected to pursue a direct listing, following in Spotify\u2019s\u00a0footsteps<\/a>.\u00a0Instead of issuing new shares, Slack will sell existing shares held by insiders, employees and investors directly to the market, a move that will allow it to bypass a roadshow and some of Wall Street\u2019s exorbitant IPO fees.<\/p>\n

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TechCrunch Conversations: Direct listings<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/1zYg6aoGgds\/<\/p>","protected":false},"excerpt":{"rendered":"

Slack, the provider of workplace communication and collaboration tools, has submitted paperwork with the Securities and Exchange Commission to go public later this year, the company announced on Monday. This <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14121","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t