slack Apply for public subscription by listing directly. Like what I did sputify last yearThis means that the company will not have an initial public offering and will instead allow existing shareholders to sell their shares to investors.
Company S-1 filing Says it plans to make $ 100 million in shares, but that may be a number.
S-1 provides data on the company's financial performance, recording a net loss of $ 138.9 million and revenue of $ 400.6 million in the fiscal year ended 31 January 2019. This compares with a loss of $ 140.1 million from revenue of $ 220.5 million for the year. Before.
The company attributes these losses to its decision "to invest in the development of our business to take advantage of market opportunities" and notes that it shrinks as a percentage of revenue.
Slack also says that in the three months ended Jan. 31, he had more than 10 million active users per day in more than 600,000 enterprises – 88,000 on the paid plan and 550,000 on the free plan.
In the file, the company says that the Slack team created the product to meet its collaboration needs.
"Since our general launch in 2014, it has become clear that organizations around the world have similar needs and now find a solution with Slack," she says. "Our growth is largely due to verbal recommendations." Slow use in organizations of all types is usually the bottom, initially, by end-users, though we still have the difficulty of explaining Slack. For the difference, the center of cooperation, the cross-sectional fabric of the enterprise, and much more.In essence, it is a new layer of business technology stack in the category is still specific. "
The company estimates that the total market opportunities for Slack and other co-workers in the workplace is $ 28 billion and plans to grow through strategies such as expanding its presence within organizations that already use SLAC, investing in more enterprise features, .
The risk factors mentioned in the filing file appear to be very strong and / or similar to other publicly available Internet companies, such as the above net losses and the fact that their current growth rate may not be sustainable, as well as new compliance risks under Europe's GDP.
Slack has already raised a total of $ 1.2 billion in funding, According to CrunchbaseFrom investors including Accel, Andreessen Horowitz, Social Capital, SoftBank, Google Ventures and Kleiner Perkins.