Slack seeking $10B valuation from IPO - Mobile World Live

Slack seeking $10B valuation from IPO

10 DEC 2018

Enterprise app maker Slack Technologies is working on an initial public offering with investment bank Goldman Sachs for 2019 and hopes to get a valuation of $10 billion, Reuters reported.

The company raised $427 million in August 2018, when it was valued at around $7 billion. At the time Slack revealed it had 8 million daily active users, 3 million of which are revenue-generating.

Before that it had raised $250 million billion in 2017 in a round led by SoftBank, which valued the app company at $5 billion.

Slack’s rivals include Microsoft Teams, and Google Hangouts in the enterprise collaboration market, which research company IDC has projected will be worth $3.2 billion by 2021.

Meanwhile house-sharing platform Airbnb and digital payment company Stripe are also expected to float on the stock exchange in 2019.

Reports also state taxi-booking app developers Uber and Lyft have both filed for IPOs as they rush to beat the other to the market in early 2019.



Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

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