Slack Technologies (NASDAQ:WORK) Plans to Raise $0 in June 20th IPO

Slack Technologies (WORK) plans to raise $0 in an initial public offering on Thursday, June 20th, IPO Scoop reports. The company plans to issue 118,400,000 shares at a price of $0.00 per share.

In the last twelve months, Slack Technologies generated $454.5 million in revenue and had a net loss of $149.1 million.

DPO (Direct Public Offering) acted as the underwriter for the IPO.

Slack Technologies provided the following description of their company for its IPO: ” Around the world, over 600,000 organizations in over 150 countries have turned to Slack as the place to communicate, collaborate, and get work done. Over 10 million people inside those organizations – accountants, customer support reps, engineers, lawyers, journalists, dentists, chefs, detectives, executives, scientists, farmers, hoteliers, salespeople, and many others – collectively spend more than 50 million hours in active use of Slack in a typical week, on either a free or paid subscription plan. They do so because Slack is a new layer of the business technology stack that brings together people, applications, and data – a single place where people can effectively work together, access hundreds of thousands of critical applications and services, and find important information to do their best work. “.

Slack Technologies was founded in 2009 and has 1664 employees. The company is located at 500 Howard Street, San Francisco, CA 94105, US and can be reached via phone at (855) 980-5920 or on the web at http://www.slack.com.

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