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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.

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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Invest in Slack shares directly or trade it as a single stock CFD and go long or short with leverage.

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Pay as little as USD 3 commission to buy and sell the stock directly or trade it as a CFD.

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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**

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*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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Get insights and the latest public offering news from the SaxoStrats, our team of top-tier analysts.
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