Valued at $ 2.8 billion, Slack thinks of IPO

by bold-lichterman

The corporate social network Slack is considering going public. In an interview granted to the newspaper The Australian Business Review, its founder Stewart Butterfield explains how to prepare for this option. “We did our first external audit and we put a lot of security controls and practices in place,” he explains.

The entrepreneur specifies, however, that the earliest possible date would be in 18 months. “One of the things public investors are looking for is predictability, and when you are growing as fast as we are, it’s impossible to predict where we’re going to be in six months,” he continues.

Its competitor Atlassian is also preparing its IPO

Based in San Francisco, Slack is developing a collaborative business platform. In particular, it allows employees to chat directly via instant messaging, rather than by e-mail, or even to share files in “drag & drop” mode.

By April, the company had raised $ 160 million from private investors. We find notmmanet Google and Accel Partners in the capital of the company. Two years after its launch, Slack is valued at $ 2.8 billion. Its Australian competitor Atlassian filed in early September its initial public offering with the SEC.