Tag Archives: slack technologies

Asana Inc., the developer of web and mobile app for organizing, tracking, and managing work, has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). In the statement, Asana revealed their plan to enter the public markets via a direct listing. In other words, Asana files for IPO.Asana stated:“The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.”When...

The stocks of Microsoft Corp. rose 0.033% on Tuesday after Jefferies analyst Brent Thill said the next phrase:“It’s time for software investors to get picky.”Thill picked up the company’s coverage of the software sector at the beginning of the week with a swirl of rating and price target changes “to be more defensive in light of valuation and macroeconomic concerns.”In his research note, Thill says he remains positive on the software industry in general. But he highlights that there has to be...