Slack reportedly expects to disclose itemizing prospectus this week

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A young man is using an iPhone as he uses Slack

Slack is transferring nearer to going public.


S3studio / Getty Photos

Messaging startup Slack is anticipated to take one other step towards going public by revealing its prospectus this week, The Wall Avenue Journal reported Wednesday.

The chat platform, which filed confidential plans to go public with the US Securities and Alternate Fee in February, is anticipated to make the doc obtainable by Friday, sources informed the newspaper. The submitting will present that Slack’s annual income for this 12 months is anticipated to be $500 million, the newspaper reported.

The chat platform was reportedly valued at $7 billion in 2018, in keeping with CNBC, and has greater than 10 million every day energetic customers. 

If all goes as deliberate, 2019 shall be a 12 months of tech IPOs. Silicon Valley firms like Lyft, Pinterest and Zoom have already gone public. Others like Airbnb and Palantir are anticipated to challenge preliminary public choices, together with ride-hailing large Uber.

Slack declined to touch upon the report.


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