【Pretty Mother in law】
Slack,Pretty Mother in law the popular workplace messaging service, is taking its next step as it prepares to go public.
According to the Wall Street Journal,Slack is planning to release its listing prospectus to the public by Friday. The document will reveal that the messaging startup is set to pull in $500 million in annual revenue for the year, although the company will still not be profitable.
SEE ALSO: This Slack channel will give you $1,000 if you guess the right wordSlack confidentially filedto go public with the Securities and Exchange Commission (SEC) in February. The company is pursuing a direct listing, which means that Slack will sell its shares directly to the public. It’s a rare move as most companies file for an Initial Public Offering (IPO) in order to sell shares through underwriters and raise interest-free money. However, Spotifybucked the trend and successfully went public last year via a direct listing.
The messaging startup was last valuedat $7.1 billion in 2018. Slack announced it has more than 10 milliondaily active users earlier this year.
Slack is currently set to start trading as early as May or June. The messaging platform will join other tech startups like Pinterestand Lyft, which also went public this year.
Featured Video For You
Uber may have one of the biggest IPOs in U.S. history
Topics Social Media
Search
Categories
Latest Posts
In Silicon Valley, even a place to live is a job perk
2025-06-26 07:03iPhone keep connecting to spotty public Wi
2025-06-26 06:26What's coming to Hulu in August 2017
2025-06-26 05:48Inside the Murky Process of Getting Games on Steam
2025-06-26 04:45Popular Posts
10 Tech Predictions for 2017
2025-06-26 07:14Jon Stewart is coming back to HBO to save our doomed souls
2025-06-26 06:55Olive Garden will soon introduce Cookie Butter Cake to its menu
2025-06-26 05:30Skype is finally shutting down
2025-06-26 05:14Featured Posts
Chipotle is under investigation, and it's not over charging for guac
2025-06-26 07:03How to buy Bitcoin and Ethereum
2025-06-26 06:45Adobe Flash is getting the ax, and hackers will miss it
2025-06-26 05:39Best vacuum mop combo deal: Save $140 on the Tineco Floor One S5
2025-06-26 05:23Popular Articles
The best day to book your flight, according to Google
2025-06-26 07:27Queen fans, say this to Siri right now
2025-06-26 07:18'TGIF' is coming to Hulu to satisfy all your '90s cravings
2025-06-26 07:13'The Emoji Movie' Review
2025-06-26 06:02Newsletter
Subscribe to our newsletter for the latest updates.
Comments (66151)
Trendy Information Network
No Time for a Negative Peace
2025-06-26 06:49Habit Information Network
Leaked image might show the iPhone 8's wireless charging setup
2025-06-26 06:14Pursuit Information Network
Robert Pattinson fought 'Twilight' producers to save us from Smiling Edward Cullen
2025-06-26 06:12Creation Information Network
Apple owes WARF $506 million for intellectual property it used
2025-06-26 05:37Neon Information Network
Today's Hurdle hints and answers for May 5, 2025
2025-06-26 05:25