Corporate-backed communication and collaboration platform Slack is targeting the summer for a direct listing on NYSE that will enable Comcast, SoftBank and Alphabet to exit.

Slack, the US-based enterprise communication platform developer backed by corporates Comcast, Alphabet and SoftBank, has chosen the New York Stock Exchange for a direct listing, Bloomberg reported yesterday.

The company intends to list on NYSE in June or July 2019, according to a person familiar with the matter.

Founded in Canada in 2009 as game developer Tiny Speck, Slack has built a workplace messaging and collaboration software platform with 85,000 paying subscribers and more than 10 million daily active users.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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