![]() ![]() ![]() More details are expected to drop after Tuesday’s trading session has ended. … now zoom outīut, the opposite could occur if traders have already ‘priced in’ Salesforce’s potential valuation, considering its share price has already risen 45% in the past few days.Īnalysts say Salesforce’s acquisition of Slack would help the San Francisco SaaS-lord reimagine itself as a hip, young, and relevant brand for tech-savvy workplaces. If Salesforce is willing to pay more, it could push the company’s stock price higher. Slack’s market value is now a touch under $25 billion. CNBC cited sources familiar with the matter who said the deal could value Slack at a premium, and might be made half in cash and half in stock. There’s currently no word on how much Salesforce is prepared to pay for Slack. The market waits for more details on Salesforce’s Slack buyout However, the company’s share price has fallen a few points since the Slack rumors began. On the other hand, traders pumped Salesforce stock nearly 30% after it posted healthy revenue growth in August. In September, the company’s stock fell up to 20% after posting earnings that showed quarterly revenues growing 50% year-on-year - which sounds great but pales in comparison to Zoom’s revenue, which reportedly jumped 355% throughout the pandemic. That’s far behind benchmark indices like the S&P 500 and the NASDAQ 100, which have returned 22% and 59% since Slack’s initial New York Stock Exchange listing.īut what’s been a stellar year for ‘stay-at-home’ tech stocks like Zoom and Amazon hasn’t converted quite so well for workplace comms darling Slack. All rights reserved.Its previous intraday and closing records were $42 (June 20, 2019) and $40.70 (November 25, 2020). Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. Investors must be able to afford the loss of their entire investment. The report also notes that there is no guarantee the talks will. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Any deal would likely value Slack at more than its market capitalization of 17 billion earlier Wednesday, according to the Journal. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Want a quick overview of Slack's Direct Listing? Check out our Slack S-1 Breakdown Infographic!.Slack Shares Trade Up To $31.50 on Secondary Market.Our Slack Direct Listing Center is live! We've housed all the relevant information you need to understand Slack journey to the public markets. ![]() All content inside Slack is searchable from one search box. With the Slack App Directory, users can access thousands of apps that can extend the capabilities of their Slack team including Google Docs, Dropbox, Heroku, Crashlytics, GitHub, and Zendesk.įounded in 2009, the company is based in San Francisco, CA with offices in London, Dublin, Melbourne, New York, Toronto and Vancouver.Ĭheck out these EquityZen Posts about Slack: Slack is an enterprise software platform that provides a digital workspace for teams and businesses to communicate. The app offers one-on-one messaging, private groups, persistent chat rooms, and direct messaging as well as group chats organized by topic. ![]()
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