High hopes as Canadian-led tech giant Slack prepares to go public [Toronto Globe and Mail (Ontario, Canada)]
Forrester Research, Inc. (FORR)
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Source: Toronto Globe and Mail
High hopes as Canadian-led tech giant Slack prepares to go public The hottest Canadian-led tech company outside of Canada will list publicly this week without an initial public offering. Led by British Columbia-born serial entrepreneur Stewart Butterfield, Slack Technologies Inc. will go public on the New York Stock Exchange on Thursday with a direct listing. While the go-public strategy, used by music-streamer Spotify Technology SA, lets a company list shares without raising additional funds, it will still allow investors to buy into the increasingly popular office-communication tool. The service, based in San Francisco, with offices in Vancouver, Toronto and around the world, takes the spirit of the age-old chatroom and deploys it into the workplace. In its most simple use, it replaces haphazard e-mail trails with concise “channels,” for teams to communicate. But it also integrates a number of tools into the platform, such as letting employees clock in and out of workdays and projec
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