Report: Slack is planning a direct IPO in 2019, like Spotify did last year
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The interoffice messaging platform probably has enough cash on hand to IPO without an underwriter. Boo hoo, Goldman Sachs.
Slack may bypass the marquee IPO underwriters like Goldman Sachs and go directly to the market with its upcoming public offering. So says a new report from the Wall Street Journal. If Slack does so, it will be the second major company to use a direct listing after Spotify did last April on the New York Stock Exchange. The Spotify IPO was considered by most to be a success.