Slack, the popular workspace messaging platform for collaboration, confirmed the official date of the upcoming IPO, which means that interested investors can expect to see Slack IPO arriving on June 20th.
In the meanwhile, analysts are wondering whether Slack’s CEO, Stewart Butterfield, is ready for the upcoming public debut as most recently questioned by a New York Times reporter.
Is Slack’s CEO Competent as a Public Company Chief Executive?
The New York Times reporter that recently wrote about “mouthlines” of Slack’s own CEO, emphasized the fact that anti-Trump paroles and certain dose of incline towards public pokes, as well as “provocative” commentary, may not make Stewart Butterfield a perfect CEO to the public company Slack is about to become.
However, the fact that is missing in this context is the case that Butterfield used his wits in combination with entrepreneurship skills to bring Slack where it is now.
Slack is said to remove all the downfalls of traditional messaging and emailing for business purposes, which now has more than 600,000 users and still counting.
Slack as a Public Company: Butterfield Would Need to Watch for Penalties
Remembering how Tesla’s CEO, Elon Musk, has been penalized for certain unlawful statements in accordance with the SEC, which is why Musk is now facing serious charges as imposed by the Securities and Exchange Commission.
Slack’s CEO would thus probably need to pick his comments more carefully once Slack becomes a publicly traded company.
Slack IPO is scheduled for June 20th, 2019; however, the target price hasn’t been set by the company by far.
Moreover, investors are selling their ownership in Slack for 28$ per share, which would place the company’s value 16.7 billion dollars based on the number of shares that should be issued by Slack.