Workplace app Slack hires Goldman Sachs to lead 2019 IPO

iPhone apps including Slack
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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

Lyft files with the SEC to go public

A car with a Lyft sticker on the window.
Photo: Smith Collection/Gado/Getty Images

Lyft has submitted a draft registration to the Securities and Exchange Commission to go public, it announced in a statement on Thursday.

The bottom line: This means Lyft could be on track to go public in the first quarter of 2019, although there is no required timetable after a confidential filing. The company has still not determined how large the offering will be.

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