Slack introduced remaining week that it is making ready for a public record, capitalizing on massive enlargement within the six years since its release. But may just the preferred place of work collaboration device corporate get got even prior to it hits the inventory marketplace?
“The fact that Slack is heading for a stock market listing indicates that its investors are looking for an exit/ROI opportunity, so it’s not beyond the realms of possibility that they’d consider an acquisition instead,” stated Angela Ashenden, foremost analyst at CCS Insight.
“It would be very appealing as an acquisition, particularly for a company that wants to compete more directly/effectively with Microsoft in the digital workplace,” she stated.
“Slack is a good acquisition target for companies who want to win the collaboration market,” stated Wayne Kurtzman, analysis director at IDC. “Winning that market is arguably winning the future digital workplace.”
It would not be the primary time like this happened. There are a handful of examples in recent times of tech company buy-outs happening prior to a public record (which is infrequently referred to as a “dual-track” procedure). Qualtrics was once got remaining yr through SAP for $eight billion a couple of days prior to its IPO at a valuation of roughly $five billion, whilst Cisco got AppDynamics for $three.7 billion in 2017 because the latter was once prepping for a public record. And a an identical scenario happened remaining yr with PayPal’s $2.2 billion acquisition of iZettle.
There is little to recommend that Slack has deliberately undertaken a dual-track procedure, the place it actively courts would-be suitors whilst heading for a public record. But it isn’t any stranger to such hypothesis; the corporate’s good fortune has led from time to time to tech chatter that Amazon, Google, Microsoft or in all probability even Apple would make appropriate patrons.