Press Release June 21, 2019

Slack Goes Public with Innovative Direct Listing

The Technology team advised Slack Technologies, Inc. in its direct public listing of Class A common stock on the New York Stock Exchange (NYSE: WORK). Slack opened trading at $38.50, setting a company valuation of approximately $20 billion.

Slack, the San Francisco-based collaboration technology company, is the second major company to forgo a traditional IPO with a direct listing. Slack was advised by Goldman Sachs, Morgan Stanley and Allen & Company in its direct listing.

The Goodwin team was led by partner Rick Kline and associates Sarah Axtell and Erica Kassman and included partners David Van Horne, Lynda Galligan, Deborah Birnbach, Jim Matarese, Brad Weber and Michael Jones, counsel Brian Mukherjee, and associates Sophie Stramm, Monica Patel and Zuza Gruca.

For more details, visit Slack’s investor relations site.