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CodyEustice
Cody Eustice
Articles (545)  | Author's Website |

Slack CEO Interview With CNBC

Slack's direct listing rallied over 40% on its first day of trading

June 25, 2019 | About:

Overview

Slack (NYSE:WORK) CEO and Co-Founder Stewart Butterfield sat down with CNBC to discuss going the direct listing route instead of an initial public offering like other companies. The company has over $800 million in cash and didn't need to raise capital, but just list shares on the market. Throughout the interview, Butterfield discussed Slack's business model and plans to make money. The company has more than 10 million daily active users and 95,000 paying customers on its platform. Slack is producing revenues of $400 million and reporting losses of more than $180 million.

Interview

Watch CNBC's full interview with Slack CEO Stewart Butterfield ahead of a direct listing from CNBC.

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