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Slack Files for Public Offering, Joining Silicon Valley’s Stock Market Rush

SAN FRANCISCO — Slack, a workplace messaging company, said Monday that it had confidentially filed paperwork for an initial public offering, joining the growing number of technology start-ups heading to the stock market.Slack, which is based in San Francisco, gave no details about the offering’s timing and said it was awaiting a standard review of its paperwork by the Securities and Exchange Commission. The move was expected given that Slack’s chief executive, Stewart Butterfield, had long indicated that he planned to take the company public. Slack recently hired Goldman Sachs to lead the offering.Slack’s confidential filing comes amid a rush by privately held companies to go public…

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Slack Raises $427 Million More, at $7.1 Billion Valuation

Slack, the four-year-old workplace messaging company, said on Tuesday that it had raised $427 million in new funding, just a year after its last huge infusion of money. The latest round values the company at $7.1 billion.Slack’s appetite for funding and its eye-popping leaps in valuation are becoming normal in the private investment market, where giant funds are eager to write oversize checks to start-ups with momentum and scale. In the first seven months of the year, 268 companies raised “mega-rounds” of $100 million or more, a record pace.Based in San Francisco and Vancouver, British Columbia, Slack says it has eight million daily users, double its total…

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