Home > News > Technology News > Detail
Bookmark and Share

Slack planning to pursue direct listing: WSJ

2019-01-11 19:00    Investing

Slack planning to pursue direct listing: WSJ Technology News

© Reuters. The Slack app logo is seen on a smartphone in this illustration

(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.

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

Slack had hired investment bank Goldman Sachs Group Inc (NYSE:GS) 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.

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.