https://www.cnbc.com/2019/01/15/slack-prepares-to-go-public-with-plenty-of-cash-on-hand-report.html

Slack has plenty of cash on hand to fuel its reported plans for a direct listing on the public market this year, according to The Information. The company had about $900 million in cash on its balance sheet as of October 2018, according to the report.

The newly reported numbers show Slack, which makes chatting and collaboration software for businesses, may be in a position of strength to circumvent traditional mechanisms for its public debut. With a direct listing, pursued by Spotify last year, Slack would not need to sell new shares during an initial public offering to raise funds. According to the report, Slack projects it would already be free cash flow positive for the 12 months through January 2020. The Information based its reporting on documents viewed by reporters as well as information from a source familiar with the matter.