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/