Slack was listed through Direct Listing

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In particular, it was stated that the Net $ Retention Rate is being measured to see the rapid acceptance speed that occurs as the usage rate increases. The number of paying customers has more than doubled in two years!! Compared to 2017, we secured over 40,000 paying customers. In particular, about 40% of salesThe number of customers generating ARR exceeding $100 million approximately doubles every yearI'm doing it. On the other hand, Net $ Retention Rate is trending downward. We believe that the growth rate is gradually decreasing due to the large increase in the number of customers. However, the current growth rate is also frightening, exceeding 100%, so there is no room for growth to decrease for the time being. [Slack Technologies Listing Story] June 21, 2019!! Slack has finally been listed on the New York Stock Exchange! As a unicorn startup, the IPO was conducted secretly, but approval was granted quickly and the company was listed in an instant.


Slack was listed at $26 per share, but on its first day of trading, the company closed at $38.5, up 48%.Approximately Cambodia Phone Number Data 20 billion dollars, recorded at 22 trillion won in Korean currency. Considering that the last company value before listing was $7.1 billion, it has almost tripled !! Thanks to this, Slack's founder's equity value reached $1.6 billion, making it a billionaire. , which is a trading method of existing stocks rather than a new stock offering. Direct listing is a method that Sportify used and attracted attention in April 2018. By not issuing new shares, it has the advantage of reducing costs in the IPO process by reducing the role of underwriter. However, this Direct Listing method is risky because the initial price volatility of the listing is high. In contrast, the traditional IPO method has low volatility because it suppresses price fluctuations through an underwriter, restricts sales by existing shareholders for a certain period of time, and controls the volume, but it incurs high costs because it requires a lot of work to select an underwriter. In the end, Slack chose to cut costs even at the risk of price decline! Slack's recent quarterly sales growth rate was 15%, continuing its sales growth trend.




Now that the company's value has grown to 22 trillion won, what's next for Slack and how will its future growth progress? I'm quite curious 2. New Relic Have you heard of New Relic ? New Relic, famous for its monitoring platform , provides services that allow you to check various entities across web services, mobile applications, and server software at a glance using a web-based integrated monitoring tool. In particular, New Relic is considered a SaaS APM company along with Gartner, Inc. Because it's easy to get up and running, it can monitor all your Ruby, PHP, .NET, Java, and Python applications. Because it provides data that enables effective monitoring and preemptive response, not only Silicon Valley companies but also many domestic companies, including SK Telecom, have become New Relic's customers and continue to collaborate. New Relic pricing is calculated proportionally to the CPU cores and GB RAM hours used, so revenue will increase as the number of users and larger users increase.