Slack, the $7 billion office messaging app that millennials love, just filed to go public in a really weird way
, Slack said it plans to list on the New York Stock Exchange under the ticker symbol"SK" through a direct listing — a unique alternative to the IPO in which private shareholders such as investors and employees sell their holdings directly to the public.
Unlike a standard IPO, Slack won't raise a bunch of new cash from investors rushing to buy its stock, and it won't set a share price.Slack is trimming its losses but says it may never be profitable The firm wrote:"We expect to continue to incur net losses for the foreseeable future and we may not achieve or maintain profitability in the future.
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