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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

How many times will the instant messaging service be reinvented

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »