The office communication service Slack has made gear the way for a stock market.
Slack is not made use of the possibility to the application for a share placement in a confidential manner, the Details of the company from San Francisco called.
such As the “Wall Street Journal” and the “New York Times” reported that wants to Slack all bring to the table as the music service Spotify in the past year, the shares directly to the exchange and, therefore, the relatively expensive classical procedures via investment banks bypass.
In the last funding round in August of last year, the company was, according to media reports, with a good seven billion dollars a rating. In the past few weeks, investment firms would have supported a valuation of 13 billion dollars, wrote the “New York Times”.
Slack is used according to the latest data daily from approximately ten million employees of various companies. More than 85 000 businesses paying customers. At the same time, including Microsoft, Google, and Facebook offer competing products. Since the Start of 2013, Slack anxious, according to the media, around a billion dollars reports to investors.
A direct placement is considered to be more risky, since banks do not act as intermediaries or course stabilizer. On the other hand, it also saves on fees that otherwise go to the banks. In the case of Spotify, the procedure had not harmed, at least in the first few months of the course. The paper was launched at the beginning of April 165,90 dollars, well above the company’s established reference price of 132 dollars. Until the middle of July the share price rose then to just under $ 200 before it crashed in the Wake of the General weakness of tech values up to 103 dollars at the end of the year. Recently, the rate was 138 Dollar a little above the reference price. Spotify is valued on the stock exchange with around 25 billion dollars.
in addition to Slack some additional US-tech companies before the IPO. So the car service mediator Uber and Lyft submitted at the end of last year, confidential applications for IPOs.