Slack tech stock how to#

These conversations help the banks get a handle on what the demand for the stock looks like and where they should price the first shares sold to the public. In a typical IPO, bankers and management travel all around the country talking to investors. More Uncertainty Around the Right Price for the Stock Slack won’t have to issue new shares anytime soon unless the company decides to make a big acquisition of another competitor. This is a solid runway to turn a profit, compared to Uber and Lyft who have only 3-5 years of cash left even though they raised billions from the sale of IPO shares.

This is a positive sign to investors as Slack is signaling it isn’t desperate for cash.Īs of March, we estimate Slack has over $800 million of cash which should last the company 8 years or more at the current annual burn rate. Slack Isn’t Raising Money Through the Direct ListingĪ direct listing, unlike an IPO, doesn’t include the sale of new shares to the public to raise money. Slack is one of the very few companies hitting the stock market through a direct listing process instead of the more common initial public offering (IPO).Ī direct listing differs from an IPO in a few important ways. How Slack’s Direct Listing is Different from an IPO In the infographic below we lay out why Slack offers 3 times upside and will be an $80 stock by 2026. The market rarely sees a piece of software that basically sells itself and this quality makes Slack a compelling company. Slack (NYSE: WORK) is a company that is truly revolutionizing the way office workers and students communicate. Slack is a Legit Technology Contender for your Portfolio.

Slack tech stock how to#

How to Play Slack on the First Day of Trading.Slack (NYSE: WORK) is Worth $80/sh by 2026.Wall Street Analyst Target Prices Will be Irrelevant for Slack.

Slack Sells Itself with Technology and Pricing.

How Slack’s Direct Listing is Different from an IPO.