Slack Shares Surge 50 Percent in Trading Debut

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He said, “Inside our companies, I think that’s happening faster and faster. Over the next few years, certainly over the next five to seven years, we’ll see a faster change.” He added, “Everyone will choose this [referring to Slack platform], which allows companies set up public and private channels for employees collaborate and send direct messages with each other.

In its Form-S1 filing with the Securities and Exchange Commission (SEC), the company disclosed that it had more than 10 million daily active users as of January 31, 2019.

“Ultimately, Slack is more than email replacement. It is a new layer of technology that brings together people, applications, and data. Just as an operating system coordinates the flow of information and resources of a computer in a centralized fashion, using Slack inside an organization creates a hub into which critical business information flows, is acted upon and transformed, and is then quickly routed to its desired destination,” according to the company in its regulatory filing.