Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Shares in Slack, the workplace messaging tool, will start trading Thursday on the New York Stock Exchange. The tech company's Wall Street debut is unconventional. Slack opted to pursue a direct listing, which means it didn't have investment bankers to pitch its shares to institutional investors or go on a roadshow to drum up hype. A direct listing is less pricey and time consuming, but also comes with risks. Spotify (SPOT), the last major company that went public this way, has underperformed since its shares began trading in April 2018. Slack will also face questions about its lack of profitability, a factor that dinged the IPOs of Uber (UBER) and Lyft (LYFT) earlier this year. Slack reported a net loss of $138.9 million in its last fiscal year, and sales growth is slowing. The company will trade under the ticker symbol WORK.
This one took a large drop after hours- 9/4/19 $26.81 +$2.31 (8.03%) Today -$4.26 (-13.71%) After Hours
Sitting at resistance with a bullish MA crossover. Could be setting up for a breakout, but too risky for me.
This is a really nice inverse Head and Shoulders. I ran some calls for a small profit today but I'd like to grab some shares soon.