Slack is what happens when a risky bet pays off, says Lizette Chapman.
Slack Technologies is expected to be valued by investors at $16bn to $17bn when it lists its shares publicly next week, according to people familiar with the matter.
Slack Technologies has submitted its plans to US regulators to go public through an unusual direct listing.
A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack took a different route, and saw its shares soar as it went public without an IPO.
Over the past decade, Uber Technologies proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20bn from private investors.
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