Slack IPO Analysis

Slack had $400M of revenue for last year and growth rate of 88%. Slack is rumored to be looking for $17B valuation in its upcoming IPO.

Slack has a wonderful product Slack Channels which is superior to emails for team communication and collaboration. Slack has $10M DAU (Daily Active Users) and these are paying enterprise users. Slack cost per user is $8 per month of $6.67 per month if billed annually.

Major competitions are Microsoft (Office 365) and Microsoft Teams and FB could evolve as a threat with Office offerings.