Slack is not a public business yet, however it’s currently burnt out of its stock ticker.
In an upgraded variation of its IPO documents submitted on Monday, Slack exposed that it has actually discarded the proposed “SK” stock ticker it had actually settled upon a couple of weeks earlier. Rather, in a remarkable pivot, the office partnership business will makes its public market launching with the more detailed ticker sign “WORK.”
Slack is anticipated to go public through a direct listing on the New York Stock Exchange in the coming weeks.
It’s unclear why Slack switched stock tickers. Agents for the business might not instantly be grabbed remark.
With this upgrade nevertheless, Slack will sign up with an accomplice of public business tech business whose tickers expose more about the business than simply their name. Salesforce trades under the ticker “CRM,” which represents material relationship management. CRM is the kind of software application Salesforce started selling, though it has actually considering that broadened to other locations.
Another is Atlassian, which trades under the ticker sign “GROUP.” Slack and Atlassian are partners, and Atlassian holds a stake in Slack. Together, they are GROUP WORK.
While Slack might be related to WORK by the lots of people who utilize the workplace messaging platform to interact with coworkers, the platform has actually shown to be helpful for social interactions too.
Slack CEO Stewart Butterfield shares a relationship Slack channel with his sweetheart, Away cofounder Jen Rubio It was on that Slack channel that Rubio condemned Butterfield’s phony Twitter proposition
