New message: Slack DPO incoming

The workplace chat provider’s direct listing will open a new channel of opportunity for investors. After it floats on 20 June, you can invest in Slack’s performance or trade it as a CFD.

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Slack DPO: key facts

Slack DPO: key facts

The ‘Searchable Log of All Conversation and Knowledge’ launched in 2013. Today, Slack’s cloud-based communication and collaboration tools are used by over 600,000 organisations globally and have more than 10 million daily active users. With only 85k+ of Slack’s clients paying customers, there’s massive growth potential – but the firm is yet to turn a profit.

What is a DPO?
A direct public offering is where a company removes intermediaries from its listing, enabling it to underwrite itself and offer securities directly to the public.

Company name: Slack Technologies
Ticker symbol: WORK
Exchange: New York Stock Exchange
Expected listing date: 20 June
Expected price: In excess of USD 23*
Est. market cap: USD 16.7 billion*
Available as: Cash stock and single stock CFD**

*Based on private transactions, 2018
**Saxo will offer trading on the secondary market from Slack’s first day as a listed company. Its shares will be available for online order entry after the markets close on the day before the listing date.

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