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slack the messaging app for work took an official step to list shares on the stock market the company said Monday it had confidentially applied with the U. S. securities and exchange commission to list shares and a source told Reuters it's pursuing an unusual direct listing writers correspondent Leon at Baker it was a bit of a surprise to the market that slack would not go the traditional IPO route they're gonna do a direct listing which is sort of a unique offering where they don't need to hire underwriters they're not selling any shares are raising any money in advance there's definitely more risk but it's offers more like liquidity right away to investors and it's sort of seen as an option is only available to the biggest companies that have the most money and revenue that they don't need to raise additional funds so it's sort of a vote of confidence sysplex management that they would pursue this route Reuters previously reported that slack is hoping for a valuation of ten billion dollars ride hailing apps uber and lift in home rental lap Airbnb are also seeking U. S. listings this year and Reuters reported last week that Pinterest an app for sharing food and fashion photos hired Goldman Sachs and JPMorgan to lead its listings later this year but it's not looking like an easy time to go to the market equity markets are wrestling with extreme volatility in the backdrop of slowing global growth concerns and the US China trade spat and several companies have pulled plans to go public citing unfavorable economic conditions with the number rising since the U. S. government shut down slack launched in twenty thirteen allows teams and businesses to communicate through groups and as quickly replaced email at many companies although email is still the dominant medium of communication and work places slacks as the number of paying customers hacer past eighty five thousand , despite market uncertainty slack makes its move to go public slack makes its move to go public