![]() These provisions have made Slack Technologies highly attractive, especially for large companies that have thousands of employees. It provides a collaborative workplace that allows interpersonal chats, file sharing and group conversations in a highly flexible manner. ![]() ![]() Slack Technologies was founded in 2009, and the company is essentially a workplace messaging platform. Are direct listings soon to be the norm for tech startups moving forward? A Look at Slack’s Offerings Understanding all this, one might question whether the Slack direct listing is part of some new trend among unicorn startups. Some have suggested that Airbnb may also take this approach in the future given its cash reserves. Spotify recently made the decision to pursue a direct listing, but its stock performance has been mediocre at best. The Slack direct listing is highly unusual, as few companies choose this approach to its public offering. Instead, their public debut will be based on a Slack direct listing on stock exchanges. Slack Technologies has opted not to pursue a traditional IPO route. Thus, banks and investors might be quite excited with the company’s mention of going public. With over $400 million in annual revenue, Slack Technologies has done rather well. The startup workplace communications messaging company has thrived since it was founded in 2009. ![]()
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