Slack is preparing for an IPO that may raise as much as $10 billion

Discussion in 'Industry News' started by Calliers, Dec 8, 2018.

  1. Calliers

    Calliers HH's MC Staff Member

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    With over 8 million daily users across half a million companies, Slack is by far the world leader in the workplace team collaboration space. An anonymous source has told Reuters that Slack is planning an IPO (Initial Public Offering) sometime in 2019, with the date to be determined by market conditions. Slack has allegedly hired Goldman Sachs as an underwriter, who’s assigned Slack a valuation of “well over $10 billion.”

    If they are the underwriter, investment bank Goldman Sachs would responsible for organizing the IPO and reaching out to potential buyers. They’d earn a sizeable commission on the sales, but the reward comes with risk; they’d have to pay for any shares they can’t sell.
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    Source: techspot
     

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