Slack plans IPO in 2019

Slack CEO Stewart
Butterfield.
Beck
Diefenbach/Reuters

• Slack is planning to IPO in 2019, as first reported by
  the Wall Street Journal and confirmed to Business Insider by a
  person familiar with the matter.
• According to the Journal’s sources, the upcoming IPO
  will take place within the first two quarters of 2019, and will
  value the company around $7 billion. 

Slack is planning to IPO in 2019.

The upcoming IPO — which
was first reported by the Wall Street Journal and
confirmed to Business Insider by a person familiar with the
matter — is scheduled to take place by fall 2019 and could value
the company around $7 billion, according to the Wall Street
Journal’s sources. 

A spokesperson for Slack said that the company does not provide
comment on “rumors and speculation.”

In 2017, Slack CEO Stewart Butterfield told Bloomberg that an IPO

was still a long way off. The company most recently
closed a $427 million funding round in August led by
Dragoneer Investment Group and General Atlantic, which
valued it at more than $7
billion.

While the San Francisco-based company has yet to hire
underwriters, the Journal’s sources report that the company is
actively preparing to go public. 

Slack was founded in 2009. Its popular work chat
software is
estimated to be used by 8 million people daily.