News Formal

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

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

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

How many times will the instant messaging service be reinvented

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 11. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »