Slack’s valuation is roughly based on the workplace chat and collaboration software company’s projected revenue and current growth rate, said the people, who asked not to be identified discussing private talks.
on the private market, where in April investors were snapping up stock at prices that would give the company a valuation of about $16 billion.Slack is planning to have its shares start trading June 20 on the New York Stock Exchange under the ticker WORK. That suggests the company could bring in almost $900 million in fiscal year 2021, and investors are looking to value the company at roughly 20 times that projected revenue, the people said.
Slack said in its filings with the U.S. Securities and Exchange Commission that it can’t guarantee that its plans to increase revenue and cut operating losses will ever allow it to become profitable.
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