{"id":15054,"date":"2019-05-09T01:36:28","date_gmt":"2019-05-09T01:36:28","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/slack-to-live-stream-pitch-to-shareholders-on-monday-ahead-of-direct-listing-2.html"},"modified":"2019-05-09T01:36:28","modified_gmt":"2019-05-09T01:36:28","slug":"slack-to-live-stream-pitch-to-shareholders-on-monday-ahead-of-direct-listing-2","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/slack-to-live-stream-pitch-to-shareholders-on-monday-ahead-of-direct-listing-2.html","title":{"rendered":"Slack to live-stream pitch to shareholders on Monday ahead of direct listing"},"content":{"rendered":"

Slack, <\/a> the ubiquitous workplace messaging tool, will make its pitch to prospective shareholders<\/a> on Monday at an invite-only event in New York City, the company confirmed in a blog post<\/a> on Wednesday. Slack stock is expected to begin trading on the New York Stock Exchange as soon as next month.<\/p>\n

Slack, which is pursuing a direct listing, will live stream Monday\u2019s Investor Day on its website.<\/p>\n

An alternative to an initial public offering, direct listings allow businesses to forgo issuing new shares and instead sell directly to the market existing shares held by insiders, employees and investors. Slack, like Spotify, <\/a> has been able to bypass the traditional roadshow process expected of an IPO-ready business, as well as some of the exorbitant Wall Street fees.<\/p>\n

Spotify, if you remember, similarly live streamed an event that is typically for investors eyes only. If Slack\u2019s event is anything like the music streaming giant\u2019s, Slack co-founder and chief executive officer Stewart Butterfield <\/a> will speak to the company\u2019s greater mission alongside several other executives.<\/p>\n

Slack unveiled documents for a public listing<\/a> two weeks ago. In its SEC filing, the company disclosed a net loss of $138.9 million and revenue of $400.6 million in the fiscal year ending January 31, 2019. That\u2019s compared to a loss of $140.1 million on revenue of $220.5 million for the year before.<\/p>\n

Additionally, the company said it reached 10 million daily active users earlier this year across more than 600,000 organizations.<\/p>\n

\n

Slack files to go public, reports $138.9M in losses on revenue of $400.6M<\/a><\/p>\n<\/blockquote>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/C7CbTi75cKU\/<\/p>","protected":false},"excerpt":{"rendered":"

Slack, the ubiquitous workplace messaging tool, will make its pitch to prospective shareholders on Monday at an invite-only event in New York City, the company confirmed in a blog post <\/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-15054","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