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Slack, one of the most anticipated IPOs of 2019, announced Monday that it had confidentially decided to go public with the Securities and Exchange Commission.
The company, which sells a platform for collaboration and corporate discussion, joins the ranks of Silicon Valley's unicorns such as Lyft, Uber, and Zoom, who could go down in history as the largest cohort of artists. Private-funded, multi-billion dollar businesses.
Slack was last evaluated at $ 7 billion in 2018. It is supported by renowned venture capital firms such as Kleiner Perkins, Google's GV, SoftBank, Accel Partners and Andreessen Horowitz.
In total, the company raised $ 1.2 billion in capital, according to PitchBook.
Although Slack's planned IPO is not a surprise, the company's announcement is an opportunity that some see as a narrow window of opportunity with the SEC. The regulator was shut down for much of January following the closure of the federal government, which prevented companies that filed their returns early in the year from receiving no information and not to continue the process.
While the SEC is now open, we do not know if it will remain after February 15, since the government reopened with only three weeks of funding on January 25.
Here is the complete statement:
Slack Technologies, Inc. announced today that it has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission ("SEC") regarding the listing proposal. listing of its Clbad A common shares. Public listing should occur once the SEC completes its review process, subject to market and other conditions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offer, solicitation or offer to purchase, or any sale of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is published pursuant to Rule 135 of the Securities Act.
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