Bust out your favorite party parrot: Slack has completed its first official step in the road to going public.
Slack published a blog post Monday stating that it had “confidentially submitted a draft registration statement” with the Securities and Exchange Commission (SEC). This is a form that essentially lets the SEC begin reviewing the company’s financials in advance of a stock listing. Slack has chosen to do so confidentially, which means it’s not giving just anyone a peek under its financial hood.
Slack has raised over $1 billion since its founding in 2013, according to the Wall Street Journal, and some estimate that the valuation could go for up to $7 billion. Read more…