What You Need To Know: Slack’s IPO
One of the hottest tech IPOs of the year is happening soon at our doorstep on June 20th. With big tech names like Zoom and Spotify taking center stage already this year, Slack is joining soon as well.
Slack Technologies Inc. is expected to be valued by investors to be around $16 to $17 Billion Dollars when it lists publicly on the New York Stock Exchange this week under the name SK.
Here’s what you need to know about it:
What Is Slack?
There is a very high possibility that you’ve heard of Slack and even used it. You may not know that it actually stands for which is: “Searchable Log of All Conversation and Knowledge”.
Slack began as an internal tool used by the company, Tiny Speck, in the development of Glitch, a now-defunct online game. The founders created Slack because they were frustrated with email. So they reimagined the experience, with a focus on team-based channels rather than email inboxes.
Although the game closed, they knew they had something bigger in their hands with this new collaboration tool.
