Slack released its S-1 Friday, making it the latest in a highly-anticipated class of tech companies to file to go public. Slack will pursue a direct listing on the New York Stock Exchange under the symbol “SK.”
For the year ended Jan. 31, 2019, Slack reported $400.55 million in revenue. Slack reported a net loss of $138.9 million for the same period.
For the three months ended Jan. 31, 2019, the company reported daily active users over 10 million. As of Jan. 31 this year, Slack reported 88,000 paid customers and 575 paid customers paying over $100,000.
The company will offer two classes of shares that will consolidate voting power among Class B shareholders. Class A common stock will be entitled to one vote per share, while Class B will be entitled to 10 votes per share.
Slack follows several tech companies that have already debuted on the public market in 2019, including Lyft, PagerDuty, Pinterest and Zoom. Uber has also released its S-1 and is expected to go public in a few weeks.
Watch: In-depth interview with Slack CEO Stewart Butterfield
Disclosure: Comcast Ventures, the venture arm of Comcast, is an investor in Slack. Comcast owns CNBC parent company NBCUniversal.
