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Popular workplace messaging app Slack Technologies is planning IPO

Popular workplace messaging app Slack Technologies is planning to go public through a direct listing next quarter, WSJ reports. In a direct listing, a company bypasses the traditional underwriting process,

letting the open market play a greater role in setting the price instead of lining up investors ahead of time. Spotify (NYSE: SPOT) is the only large company that has done one, debuting last year on the NYSE.

Slack is aiming for an initial public offering (IPO) in the first half of the year that would value the California startup at well above the $7.1 billion it reached in its most recent funding round.
The company declined to comment, with a spokesman saying "Slack does not comment on rumors or speculation."

Slack Technologies Inc is “seriously” considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday.

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Popular workplace messaging app Slack Technologies is planning IPO

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