Initial public offerings (IPO)

Workplace app Slack hires Goldman Sachs to lead 2019 IPO

iPhone apps including Slack
Photo: Wolfram Kastl/picture alliance via Getty Images.

Workplace messaging application Slack has taped Goldman Sachs to spearhead its IPO next year, Reuters reports.

The big picture: Slack has been a part of a slew of Silicon Valley companies, including Uber, Airbnb and Lyft, that are planning to debut in the stock market in 2019. Reuters reports that Slack anticipates a valuation over $10 billion in its IPO.

Go deeper: Workplace messaging app Slack on track for going public

Uber confidentially files paperwork for IPO

Uber CEO Dara Khosrowshahi
Uber CEO Dara Khosrowshahi. Photo: Justin Sullivan/Getty Images.

Uber filed paperwork confidentially this week for its initial public offering, The Wall Street Journal reports.

Why it matters: Private financing has outpaced IPO fundraising in tech since the '90s, per a previous Axios report. Now, both Uber and Lyft's IPOs are expected to be the largest among the many companies in Silicon Valley that are aiming for 2019 stock market debuts.

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