Slack’s stock market debut may value the workplace chat app at $17 billion

📆 13/06/2019 2:30:00
📰 latimes

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 82%

España Noticias Noticias

España Últimas Noticias,España Titulares

Slack Technologies Inc. is expected to be valued by investors at $16 billion to $17 billion when it lists its shares publicly next week, according to people familiar with the matter.

The workplace messaging start-up Slack filed documents in April to list its shares on the New York Stock Exchange.

Investors’ valuation expectations are based on some back-of-the-envelope math: Slack said Monday that it expects at least $590 million in revenue in its 2020 fiscal year, which ends January. That’s a growth rate of as much as 50% compared with the previous year. 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.

Escribir Comentario

How many times will the instant messaging service be reinvented

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

This group of retail stocks is crushing the market this yearExchange-traded funds focused on e-commerce are the way to play the retail sector without getting burned, some experts say.
Fuente: CNBC - 🏆 12. / 72 Leer más »