Slack Technologies Inc. is preparing to make its public trading debut, and is targeting an initial public offering (IPO) in the first half of 2019, according to a report by the Wall Street Journal.
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People familiar with the matter told the Journal that Slack, widely used by corporations for intra-office communications, expects a valuation in excess of $7 billion, the value pegged on the company in a recent round of financing. This would make it one of the largest tech IPOs since Snap went public in 2017 for $24 billion.
The IPO of the firm would be one of the largest tech IPOs since Snap Inc.'s debut in 2017 that valued the company at nearly $24 billion.