• General
  • April 27, 2019
  • 5 minutes read

Slack Files To Go Public

Slack CTO Cal Henderson Photo by Seb Daly / Web Summit via Sportsfile Slack has filed to go public via…

Slack CTO Cal Henderson

Photo by Seb Daly / Web Summit via Sportsfile

Slack has filed to go public via a direct listing on the NYSE, adding to the list of expected IPOs this year that includes other notable names like Uber and Fastly. The company is planning to list Class A common stock directly on the public markets just like Spotify did last year. As always, Slack’s S-1 filing revealed some key stats previously not public information about the company. They include:

  • $400.6 million revenue for the year ended January 31, 2019, up from $220.5 million in 2018 and $105.1 million in 2017
  • $138.9 million loss for the year ended January 31, 2019, compared to $140 million in 2018 and $146.9 million in 2017
  • 88,000 paying customers customers in 2019, compared to 59,000 in 2018 and 37,000 in 2017
  • 575 paying customers (more than $100,000) in 2019, compared to 298 in 2018 and 135 in 2017
  • More than 450,000 third-party apps currently used by organizations on Slack
  • More than 36% of revenue gotten outside the U.S.
  • 600,000 organizations — with three or more users — make use of Slack
  • $10.3 million total compensation for CEO Stewart Butterfield in 2019, $1.5 million for SVP of Sales and Customer Success, Robert Frati, and $3.8 million for CFO Allen Shim 
  •  24% stake held by Accel, roughly 13% stake held by Andreessen Horowitz, 7.3% stake held by Softbank Vision Fund, More than 5% held by Social Capital

Slack CEO Stewart Butterfield

image: James Duncan Davidson on Flickr

Slack has raised $1.26 billion in total funding. Other investors in the company include DST Global, Horizons Ventures, Kleiner Perkins, Google Ventures, Thrive Capital, GGV, Comcast Ventures, and Index Ventures.


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