Major moves are being in made in the world of online office work! The workplace collaboration software firm, Slack, is preparing for a huge share offering in early 2019. The online office tool allows workplaces to communicate, and collaborate, with countless features from private messaging, phone calls and file sharing.
According to the Wall Street Journal, Slack is aiming for an initial public offering, known as IPO, in the first half of the new year, which would value the Californian start-up at nearly $7.1 billion. Talk about the big bucks! Slack representatives were reached out for a comment, but they refused to share any information on the possible news, saying: “Slack does not comment on rumors or speculation.”
Although we are certain major news as such is more than just a rumor, we’re curious to hear from Slack themselves to get the real 411. In August 2018, the company raised a whopping $427 million in order to give it its total valuation of above $7 billion. This step allows Slack to become one of the fastest growing start-ups ever.
Slack has mentioned in the past that it has more than eight million daily active users, and more than 70,000 “paid team” that subscribe to its premium services, that go well beyond the standard features the online workspace offers. Slack, which was created in 2013, has jumped up the leaderboard allowing it to be close to its competitors such as Microsoft, Facebook and various other software programs that offer workplace collaborative tools.
The software was first put into place as a tool to ease the overload of email, allowing workplace team members to message and communicate with one another in an easier fashion. The company has yet to hire any underwriters but may do so in the near future, considering it has a massive amount of visitors each day, and its close to 3 million paid users.
The software is incredibly easy to use and provides a safe and secure platform for its users to message and share information on. We can only imagine Slack to increase over the next few years, and if their IPO is any indication of how the company has been doing, we can only imagine where it will be in years to come.