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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK INVESTIGATION: Visual surveillance and weak cyber security, Part One: When cameras get dangerousIn 2019, 15,000 surveillance cameras will be connected to the Internet to monitor Joburg’s streets 24/7. This is courtesy of video surveillance service provider Vumacam. But online cameras can be hacked – often quite easily. This is not only a threat to public safety, but can also place Internet services at risk. And the manufacturer of Vumacam’s cameras, Hikvison, has a checkered cybersecurity history. Daily Maverick investigated and found that Hikvision’s known cyber vulnerabilities may be just the tip of the iceberg.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: June 13: Five Things You Need to Know to Start Your DayHong Kong’s Carrie Lam urges a return to order after protests but refused to pull bill. Asia equity futures are pointing lower after U.S tech stocks led a stock slump. And India plans to launch a lunar mission by July 15. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Zuckerberg Knew of ‘Problematic’ Privacy Practices, WSJ SaysFacebook Inc. uncovered emails that seem to show Chief Executive Officer Mark Zuckerberg was aware of potentially problematic privacy practices at the company, the Wall Street Journal reported, citing people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: J&J, Colgate Ordered to Pay Almost $10 Million in Talc CaseJohnson & Johnson and Colgate-Palmolive Co. must pay almost $10 million to a dying California woman who blamed the companies’ talc-based products for her rare cancer.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Obituary: After the Marikana massacre, the writing was on the wall for LonminLonmin, which at one time was the world’s third-largest platinum producer, died on Friday, 7 June, at the age of 110. This script was not set in stone. The company faced many of the challenges that confronted its rivals, some of whom are now thriving. These included depressed prices, unyielding geology, and waves of social and labour unrest. In the end, the boardroom dug its own grave as a series of poor management decisions ultimately laid the company to rest.
Source: dailymaverick - 🏆 3. / 84 Read more »