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Slack, the tech start-up that made a name for itself by shaking up the way people communicate in the workplace, announced it has submitted its registration for a "proposed public listing" with the U.S. Securities and Exchanges Commission, according to a CNN article.

It has been previously reported that Slack would go public through a direct listing instead of raising new capital a la Spotify last year, according to the article. Unlike a traditional initial public offering (IPO) that entails a months-long selling freeze, a direct filing allows Slack employees and longtime shareholders to sell stock from the jump

The workplace communication platform that functions similar to a chat room with a goal of streamlining processes and eliminating email clutter has raised approximately $1.2 billion from investors and was most recently valued at $7.1 billion, CNN noted. The company said it has 85,000 paid customers worldwide.

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Madeline Lena

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Madeline Lena

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Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. 

Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

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