Slack has filed to go public via a direct listing. Similar to what Spotify did last year, this means that the company won’t have a traditional IPO, and will instead allow existing shareholders to sell their stock to investors. The company’s S-1 filing says it plans to make $100 million worth of shares available, but […]
Slack has filed to go public via a direct listing. Similar to what Spotify did last year, this means that the company won’t have a traditional IPO, and will instead allow existing shareholders to sell their stock to investors.
The company’s S-1 filing says it plans to make $100 million worth of shares available, but that’s probably a placeholder figure.
The S-1 offers data about the company’s financial performance, reporting a net loss of $138.9 million and revenue of $400.6 million in the fiscal year ending January 31,2019. That’s compared to a loss of $140.1 million on revenue of $220.5 million for the year before.
The company attributes these losses to its decision “to invest in growing our business to capitalize on our market opportunity,” and notes that they’re shrinking as a percentage of revenue.
