Slack, which deals in chat and direct messaging services for the businesses, is one of a number of Tech IPOs that is expected in 2019, and that includes Uber, Lyft and Airbnb. The company hired Goldman Sach to lead their operations related to the public offering as an underwriter, and declared that Slack seeks a valuation of around $10 billion for its iPO. It has been found that slack has been able to raise about $1 billion till now. The news is buzzing among mobile application development companies in Denver.
And Slack is planning pursing a direct listing, a report from last month suggest. If Slack is going to follow this, that is going to make it second biggest technology company to do this. Mobile application development companies in Denver CO are having an eye on this.
It has been confirmed that Slack has a plenty of cash on hand for pursuing the direct listing route. According to the report, Slack has about $900 million in the cash as being listed in the balance sheet of October 2018. In January 2018, the company has revenue of around $21 million. The information is based on 2018 documents,
Slack Technologies Inc. today made it public that it has confidentially submitted a draft registration statement on the Form S-1 with the Securities and Exchange Commission ((the SEC) relating to the public listing that was proposed, of its Class A common stock. You will find that the public listing might take place after the SEC review process is completed, subject to market as well as other conditions. Mobile application development Denver companies can be up with more news like this.
The press release does not constitute an offer for selling as well as soliciting an offer for buying any securities. Any offers, solicitations or any offer to buy as well as any sales of securities is going to be made in accordance to the registration requirements of the securities act of 1933, as it has been amended. The announcement will be in accordance to the Rule 135 under the securities act.