Technology Slack planning to pursue direct listing

Slack planning to pursue direct listing

Slack planning to pursue direct listing

 Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal said on Friday, citing people familiar with the matter.

Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing.

The plan for direct listing will potentially make Slack the second big technology company after Spotify Technology SA to bypass a traditional IPO.

Slack had hired investment bank Goldman Sachs Group Inc to lead its initial public offering as an underwriter.

Slack did not immediately respond to a request for comment outside regular business hours.

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