Slack plans to go public. The company behind the popular workplace chat app filed with the Securities and Exchange Commission today, revealing plans to list on the New York Stock Exchange under the symbol “SK.” In an unusual move, the public offering won’t raise money for Slack; it’ll just allow existing shareholders to begin selling their stock.
In its filing, Slack reported rapidly growing revenue, to $400.6 million from $105.2 million over the past three fiscal years. The company has been losing money all this time, but its losses are shrinking, albeit at a much slower rate, falling to $138.9 million in the most recent fiscal year from $146.9 million two years earlier.
Slack has 10 million daily users who are split across more than…
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