Saturday, 4th December 2021

Slack skipping IPO and going right to the public

By Bloomberg
18 June 2019   |   10:34 am
Work collaboration tool Slack is going public this week, but not with an IPO. The company is opting for a direct listing allowing it's investors and employees to sell their existing shares immediately. The company has a current valuation of $16.5 billion. Bloomberg's Emily Chang reports. Disclosure: Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.