EquityZen’s Adam Augusiak-Boro quoted in CBS Moneywatch

Slack, the workplace chat software with cult-like following, goes public

  • Shares of the workplace software company Slack Technologies will be offered to the public for the first time Thursday.
  • Trading has a target price set at $26 a share on the New York Stock Exchange under the ticker symbol “WORK.”
  • About three-quarters of U.S. companies with more than 10,000 employees reportedly use Slack.
  • While Slack is growing, it has yet to turn a profit, raking in $400 million in revenue last year for a net loss of $138 million.

Shares of the workplace software company Slack Technologies will be offered to the public for the first time Thursday, with trading targeted to begin at $26 a share on the New York Stock Exchange under the ticker symbol “WORK.”

Read more here: https://www.cbsnews.com/news/slack-ipo-work-stock-price-up-50-percent-in-first-day-of-trading-on-new-york-stock-exchange/

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