Chat-service firm Slack taps Goldman Sachs to lead IPO
NEW YORK • Slack Technologies Inc., a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc to lead its initial public offering (IPO) next year as an underwriter, people familiar with the matter said.
The San Francisco-based company is among a string of Silicon Valley unicorns expected to debut in the stock market in 2019. Other IPO hopefuls include apartment-rental service Airbnb Inc, analytics firm Palantir Technologies and Stripe Inc, a digital payment company.
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an IPO this week, defying the recent market jitters that have weighed on corporate valuations.
Slack hopes to fetch a valuation of well over US$10 billion in its IPO.