© Reuters. Slack planning to pursue direct listing – WSJ

(Reuters) – Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing, according to the report. (https://on.wsj.com/2CfAYGp)

The plan for direct listing will potentially make Slack the second big technology company after Spotify Technology SA (N:) to bypass a traditional IPO, WSJ reported.

Slack had hired investment bank Goldman Sachs Group Inc (N:) to lead its initial public offering as an underwriter, Reuters had reported in December.

Slack did not immediately respond to a request for comment outside regular business hours.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Twitter's Jack Dorsey paid $1.40 in 2018





READ SOURCE

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here