(Reuters) – Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal reported on Friday, citing people familiar with the matter. Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing, according to the report. (https://on.wsj.com/2CfAYGp) The plan for direct listing will potentially make Slack the second big technology company after Spotify Technology SA <SPOT.N> to bypass a traditional IPO, WSJ reported. Slack had hired investment bank Goldman Sachs Group Inc <GS.N> to lead its initial public offering as an underwriter, Reuters had reported in December. Slack did not immediately respond to a request for comment outside regular business hours. (Reporting by Bhanu Pratap in Bengaluru; Editing by Shounak Dasgupta)
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