Slack hopes to be worth more than $10 in order to IPO in the U.S.

BANGALORE/new YORK, India (Reuters)-the corporate messaging and collaboration service SlackTechnologies sent on Monday a confidential request for a billion dollar initial public offering of shares by the Securities and Exchange Commission ( SEC). The Slack is considering having its shares on the stock exchange through a direct listing, instead of a traditional IPO, said a source with knowledge of the matter. The company expects to get an assessment of 10 billion dollars in the IPO, reported Reuters sources. list option gives the option to people who have contact with the company selling instantly and has no support from traditional subscribers, a recipe for high volatility in the early business with the company. The plan of the Slack to become a public company comes at a time when stock markets are struggling with extreme volatility generated by worries about slowing global growth and the trade dispute between the United States and China. The company does not specify the number of shares you were selling or the price range for the offer. The Slack, launched in 2013, and allows teams and companies to communicate through groups and quickly replaced the email in many companies, while the email is still the dominant means of communication in the workplace. The number of paying customers on the Slack climbed more than 50% over the last five years to more than 85000. The service's main competitors include the Teams, Microsoft, Google, Hangout, and Webex, Cisco. The Slack picked up over 1.2 billion dollars in 11 rounds of capital injection. The company has 36 investors, according to Crunchbase, including SoftBank and General Atlantic.