Slack is planning a 2019 IPO valuing the company around $7 billion

Not Shack, Slack.

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Slack Technologies, Inc. is rumored to be preparing an IPO for the first half of next year. The 2019 initial public offering is expected to value the company around $7 billion. A Slack representative said the company does not comment on "rumors and speculation." 

Just this August, Slack raised $427 million in a funding round at a valuation over $7 billion. The company faces competition from the likes of much larger companies like Microsoft and Google, and it is somewhat surprising that they have not been acquired as of yet. The Wall Street Journal reports that Slack has yet to hire underwriters for an IPO, but they are actively preparing to bring the company to public markets. Slack is a very popular online virtual office chat room and collaboration service that is rumored to have over 8 million daily active users (including Shacknews).

CEO/EIC/EIEIO

Asif Khan is the CEO, EIC, and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

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