Stock Advisor launched in February of 2002. Slack did 15 financing rounds prior to the IPO at prices between $0.09 and $11.91. On December 11, 2018, it was reported that Slack was considering a direct public listing. Slack isn't the only growing tech company investing heavily in bots. We're now Slack Technologies, Inc. See @SlackHQ. On November 13, 2019, Slack announced the formation of its partner channel as part of its focus on enterprise clients. Slack is a new way to communicate with your team. But since IPO, Slack’s stock price is down 33%, while the Nasdaq is up 47% and the BVP Emerging Cloud Index, ... ($97 million), and ARK even owns a little bit in its Fintech Innovation ETF ($13 million). Slack co-founder and CEO Stewart Butterfield ... Based on an opening price of $38.50 on the New York Stock … Slack is a proprietary business communication platform developed by American software company Slack Technologies. Rival companies like Atlassian (NASDAQ:TEAM), which went public last December, offer similar services like Confluence and Hipchat. [20] The name is an acronym for "Searchable Log of All Conversation and Knowledge". Following the sale, the chief technology officer now directly owns 42,061 shares in the company, valued at $1,811,567.27. The stock was sold at an average price of $43.07, for a total value of $64,605.00. [14] Originally scheduled for release in Spring 2011,[15] Glitch launched on September 27, 2011,[16][17] but subsequently "unlaunched" to improve gameplay. Last December, Slack launched an $80 million app investment fund with several of those firms to fund third-party apps that can be tethered back to its platform via its API (application programming interface). [23], In January 2015, Slack announced the acquisition of Screenhero, a specialist in voice, video, and screen sharing. Make work life simpler, more pleasant and more productive. [48] Its stock, ticker WORK, started trading on June 20, 2019. [30] In September 2017, Slack raised $250 million, the majority of which came from Softbank's Vision Fund, with about 45% of that, or $112.5 million, originally from the Public Investment Fund of Saudi Arabia. [38] In November 2018, Slack was recognized in Credit Suisse AG's inaugural Disruptive Technology Recognition (DTR) Program, an annual recognition of five top companies who are disrupting traditional enterprise information technology. Bye! Cumulative Growth of a $10,000 Investment in Stock … [50], Salesforce announced its planned acquisition of Slack on December 1, 2020, for over $27 billion. [7], In June 2019, Slack Technologies went public on the New York Stock Exchange via a direct stock listing. Its core team is largely drawn from the founders of Ludicorp, the company that created Flickr. [34], On July 26, 2018, Atlassian announced the shutdown of its competing HipChat and Stride effective February 11, 2019, and the sale of their intellectual property to Slack. His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses. Slack Technologies, Inc. (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction on Friday, December 4th. On December 1, 2020, the acquisition by Salesforce for $27.7 billion was officially confirmed. Image source: Author's screenshot. One of Slack’s earliest believers was Accel, a venture firm that now owns about 24% of the company. The workplace messaging service is the hot enterprise software solution and one of the most anticipated 2019 stock market debuts. We don't know how much money Comcast invested, but it probably only accounts for a small percentage of Slack's current valuation. [53] Earlier, in April 2020, Judge Susan Illston of the United States District Court for the Northern District of California had issued an order partially granting Slack’s motion to dismiss a similar federal class action complaint against it. Market data powered by FactSet and Web Financial Group. Nearly a third of its users pay subscription fees, which could help Slack generate $64 million in recurring revenue this year. It's an elegant solution to inefficient meetings where people repeat the same bullet points and members don't offer any useful input. Slack Technologies, Inc. (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of Slack Technologies stock in a transaction dated Wednesday, December 2nd. The companies also announced a commitment to work on integration of Slack with Atlassian services. Slack (NYSE:WORK) SVP Robert Frati sold 5,000 shares of the business’s stock in a transaction on Friday, August 28th. Slack is still tiny by enterprise standards, but its rapid growth and disruptive potential could redefine how employees communicate with each other. Slack (NYSE: WORK) is owned by 73.98% institutional shareholders, 13.38% Slack insiders, and 12.64% retail investors. Following the transaction, the senior vice president now owns 299,561 shares in the company, valued at $12,821,210.80. Slack insiders are set to reap some big paydays, now that the company is publicly-traded and worth over $20 billion. Matt Slack joined Twitter as @slack in 2006. The stock was sold at an average price of $42.86, for a total value of $64,290.00. [22] In October 2014, the company raised $120 million in venture capital with a $1.2 billion valuation led by Kleiner Perkins and GV. From Fortune 100 companies to corner markets, millions of people around the world use Slack to connect their teams, unify their systems, and drive their business forward. That seems like a long time ago. [49], On February 10, 2020, it was reported that IBM will deploy Slack to all of its 350,000 employees, making IBM Slack's largest client to date. Slack's investments in bots indicates that more parts of its platform could be automated in the near future. Salesforce has an agreement to buy Slack for an enterprise value of roughly $27.7 billion based on the Nov. 30 closing price of Salesforce's common stock. These bots, along with many others, are already integrated with Slack to improve its efficiency alongside third-party apps. Let's conquer your financial goals together...faster. [24] In March 2015, Slack signed a deal with investors to raise up to $160 million in a funding round that valued the company at $2.76 billion. After the closure of Glitch, the company launched the Slack real-time collaboration app and platform, raising $17 million in funding from Andreessen Horowitz, Accel, and Social Capital. Last November, founder and CEO Stewart Butterfield told The Australian that "the absolute earliest that we could IPO, if everything came together right, would be 18 months from now.". According to The Wall Street Journal, sources indicated the company would pursue a Direct Listing Process (DLP) instead of the traditional IPO. The prospect of a Slack IPO excited some tech investors, since its daily active user base topped 3 million in May -- triple the number it had just six months earlier. The Motley Fool owns shares of and recommends Amazon, Microsoft, Salesforce.com, and Slack Technologies and recommends the following options: … The company raised $42.75 million in April 2014. Andrew Braccia, an Accel partner and Slack board member, had worked with Butterfield at Yahoo. Meanwhile, Slack stock gained 4.8% to 29.38 on Thursday, nearing a new buy point of 30.07. Howdy's bot runs virtual meetings by asking team members for updates via direct messages, then aggregates the responses to quickly get everyone on the same page. [6], Outside its headquarters in San Francisco, California, Slack operates offices in Dublin, Vancouver, New York City, Toronto, Denver, London, Tokyo, Pune, Paris, Istanbul, and Melbourne. A Michigan software engineer, he sometimes troubleshoots for customers who have mistaken him for the … The company initiated an IPO readiness program last year, which included its first external audit, new rules, and security practices. [54], This article is about the company. Who Owns Slack Technologies, and … Bigger companies like Microsoft can bake new features into Office 365 to challenge Slack. Its core team is largely drawn from the founders of Ludicorp, the company that created Flickr. Slack, founded in 2009 as Tiny Speck, closed up 48.5% […] Slack’s value rockets as stock closes up 48.5% in public debut Kate Clark @kateclarktweets / 1 year [25], In April 2015, the company raised another $160 million. [36][37], In September 2018, it was announced the firm was preparing for an initial public offering in the first half of 2019. Slack's app directory. Slack Technologies, Inc. (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 4th. Shares were trading Thursday morning at $25.64 for a year-to-date gain of 14.1%. That list includes Lattice, which creates a goal management platform for teams; chatbot makers Awesome and Howdy; and productivity software maker Small Wins. [28][29] In 2016, Slack was ranked #1 on the Forbes Cloud 100 list. Slack Technologies (NYSE:WORK) has jumped 15.9% and is hitting volatility halts, and Salesforce.com (NYSE:CRM) is -3.1%, after a Dow Jones report that Salesforce has held talks to buy Slack. Returns as of 12/13/2020. The stock was sold at an average price of $42.86, for a total value of $64,290.00. Microsoft (NASDAQ:MSFT) reportedly wanted to buy Slack for $8 billion earlier this year, but eventually abandoned that idea, perhaps because it needed the cash to fund its $26 billion acquisition of LinkedIn (NYSE:LNKD.DL), announced this week. [18], In November 2012, it was announced that Glitch would be closed, effective December 9, 2012.[2]. Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since 2012. Following the transaction, the chief technology officer now owns 42,061 shares of the company’s stock, valued at $1,802,734.46. The NYSE set a reference price of $26 to start off trading and the stock rose to more than $41 in the initial hours of trading. However, Slack still has a lot to prove before it can go public. [51], In July 2020, Slack filed a lawsuit with the European Commission accusing Microsoft of anticompetitive behavior. Following the completion of the transaction, the chief technology officer now owns 42,061 shares of the company’s stock, […] Cumulative Growth of a $10,000 Investment in Stock Advisor, Who Owns Slack Technologies, and What Does It Own? [12] A Series B round of $10.7 million was raised in 2011. The shares were sold at an average price of $42.86, for a total transaction of $64,290.00. Andrew Braccia is the largest individual Slack shareholder, owning 22.65M shares representing 4.02% of the company. Slack is a young company, but it's already made a big splash. Slack Technologies, Inc. is an American international software company founded in 2009 in Vancouver, British Columbia, Canada. The S&P 500 index is down 22.5% for 2020. It’s faster, better organized, and more secure than email. ", "Vancouver's Tiny Speck puts massively multiplayer game Glitch online", "Glitch 'unlaunches' to add new features - Massively", "Flickr Co-Founder Stewart Butterfield Turns to Workplace Communication Tools With Slack", "Tiny Speck is no more. [41] In the lead-up to its DPO, Slack reported that, for the fiscal year ending January 31, 2019, it had generated $400.6 million in revenue, up from $220.5 million in the previous year[42] and up from $105.2 million in 2017. [8] On November 25, 2020, the Wall Street Journal reported that Salesforce was in advanced talks to acquire Slack. The business participated in the venture round of funding earlier this year, which raised $200 million from six investors. Since 2014, it argues to have … He owns 564,935 shares of Class B stock. [10], Tiny Speck received angel funding of $1.5 million in 2009,[11] followed by Series A funding of $5 million in 2010 from Accel Partners and Andreessen Horowitz. He owns 564,935 shares of Class B stock. If Slack's growth stabilizes and it heads toward an IPO, investors will be interested in the company's early investors -- who stand to profit -- and the companies Slack itself has invested in. Slack, which has enjoyed increased popularity since the beginning of the coronavirus pandemic, saw its shares surge 32 per cent. ", "Slack, the red hot $3.8 billion startup, has a hidden meaning behind its name", "Slack, Stewart Butterfield's Collaboration Software Startup, Has Raised $42.75M", "Why Slack is worth $1bn: it's trying to change how we work", "Slack's Valuation More Than Doubles to $2.8 Billion in Five Months", "Used Daily By 750K Workers, Slack Raises $160M, Valuing Collaboration Startup At $2.8B", "Slack Is Our Company of the Year. Follow him on Twitter for more updates! Following the sale, the chief technology officer now owns 42,061 shares in the company, valued at […] Who bought or sold Slack Technologies Inc this quarter? Facebook (NASDAQ:FB) recently integrated chatbots directly into Messenger to help companies engage customers through automated conversations instead of traditional apps. Understanding who the holders of Slack stock are and what their potential motivations may be is critical when figuring out the right time to buy or sell. Who Owns Slack Technologies, ... Stock Advisor launched in February of 2002. Company profile page for Slack Technologies Inc including stock price, company news, press releases, executives, board members, and contact information New investors include Institutional Venture Partners, Horizons Ventures, Index Ventures, and DST Global. Add alert for WORK Ticker: WORK; CUSIP Number: 83088v102; Top investors of Slack Technologies stock. Slack alleges that Microsoft illegally bundled their competing Microsoft Teams collaboration product with the Microsoft office suite. [26] In May 2015, Social Capital was a leading investor in a funding round for Slack Technologies. [54] On the one hand, while typically, plaintiffs must show they can trace their shares of stock in the issuer back to the relevant offering, however, if there are multiple registration statements, plaintiffs must prove that the shares they purchased were issued under the allegedly false or misleading registration statement, Illiston held that a direct listing is different and requires a broader reading of Section 11 of the '33 Act of the phrase “such security,” meaning: “acquiring a security of the same nature as that issued pursuant to the registration statement.”[54] As a result, she denied defendant’s motion to dismiss the case under Section 11. [35] Slack was to pay an undisclosed amount over three years to assume the user bases of the services, and Atlassian was to take a minority investment in Slack. For software they produce, see, California State Superior Court of San Mateo County, United States District Court for the Northern District of California, "Tiny Speck Finds More Than a Glitch and Closes Game for Good", "Slack's Co-Founders Take Home The Crunchie For Founder Of The Year", "Flickr Co-Founder Butterfield Talks About His New Game startup, Glitch", "Slack Just Went Public and the Stock Is Trading Well Above Expectations", "Salesforce Is in Advanced Talks to Buy Slack Technologies", "Salesforce buys Slack in a $27.7B megadeal", "Q&A with Stewart Butterfield on the launch of Glitch", "Stewart Butterfield's Tiny Speck Raises 5 Million from VCs", "Slack - Crunchbase Company Profile & Funding", "A Flickr Founder's Glitch: Can A Game That Wants You To Play Nice Be A Blockbuster? Slack offers many IRC-style features, including persistent chat rooms (channels) organized by topic, private groups, and direct messaging. To start let’s look at the history of capital raises. Will This Activist Investor Try to Break Up Comcast? See you at the top! [33] In early 2018, Slack announced the company's first CFO, Allen Shim. Find the latest Slack Technologies, Inc. (WORK) stock quote, history, news and other vital information to help you with your stock trading and investing. Who owns Slack? Who Owns Slack Stock and at What Price. Slack Technologies, Inc. is an American international software company founded in 2009 in Vancouver, British Columbia, Canada. Slack will probably require much more capital as its user base expands, and an IPO would be the quickest way to raise those funds. Following the sale, the chief technology officer now owns 42,061 shares in the company, valued at […] One of the world’s best performing funds over the past five years owns nearly half a billion dollars worth of Slack. Returns as of 12/15/2020. Business messaging start-up Slack , which was valued at $3.8 billion after its latest round of funding in April, could go public within the. Slack holds a Relative Strength Rating of 90. [27], In April 2016, Slack raised another $200 million, led by Thrive Capital, with participation by GGV, Comcast Ventures and existing investors, including Accel, Index Ventures, and Social Capital. Slack Technologies, Inc. (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of Slack Technologies stock in a transaction dated Monday, December 7th. Home Tag who owns slack Tag: who owns slack SalesForce – How the Slack/Salesforce deal stacks as much as historical past’s different Massive Tech acquisitions Formerly. Here's Why Everybody's Talking About It", "Slack is work chat's runaway train, raises $200M at $3.8B", "Silicon Valley wrestles with Saudi Arabia ties", "Slack Raises $250 million; Tops $5 Billion Valuation", "Slack names Allen Shim as company's first CFO", "Slack forms key alliance as Atlassian throws in the towel on enterprise chat", "Slack buys HipChat with plans to shut it down and migrate users to its chat service", "Atlassian's HipChat and Stride to be discontinued, with Slack buying up the IP", "Slack Actively Preparing for Early 2019 IPO", "Credit Suisse AG Announces the Disruptive Technology Recognition Program", "Slack files to go public with an unusual approach", "What You Need To Know About The Slack IPO", "Slack files to go public, revealing $400 million in revenue and $139 million in losses", "Slack Files Confidentially to Go Public With Direct Listing", "Slack confidentially files to go public", "Slack files to go public, reports $138.9M in losses on revenue of $400.6M", "Slack Services Partners To Help Vendor Target Enterprises", "Slack skyrockets 21% after making IBM its biggest account yet (WORK)", "Salesforce acquires Slack for over $27 billion, marking cloud software vendor's largest deal ever", "Slack Accuses Microsoft of Illegally Crushing Competition", "First Amended Complaint Filed In Consolidated Slack Securities Suit - Tech Giants", "Slack Direct Listing Lawsuit Partially Dismissed - Tech", https://en.wikipedia.org/w/index.php?title=Slack_Technologies&oldid=992528070, Companies listed on the New York Stock Exchange, Software companies based in the San Francisco Bay Area, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 December 2020, at 19:10. 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