Adam Galica | CNBC
Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland.
Slack confidentially filed to go public, according to a press release published Monday.
Goldman Sachs to lead its initial public offering as an underwriter, Reuters reported in December.
Slack is planning to pursue a direct listing, sources told the Wall Street Journal, according to a report from last month. If Slack follows through with the direct listing, that would make it the second big technology company to do so, according to the Journal, following Spotify’s lead.
Here is the full release from Slack:
Slack Technologies, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed public listing of its Class A common stock. The public listing is expected to take place after 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 any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.
This story is developing. Please check back for updates.
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