We are investigating Slack Technologies, Inc. (WORK) (“Slack” or the “Company”) for potential violations of the federal securities laws.
On or around June 19, 2019, Slack conducted its initial public offering (“IPO”), priced at $26.00 per share. Then, on September 4, 2019, Slack issued a press release announcing its financial results for its second fiscal quarter and forecasting a larger-than-expected loss for the third quarter of the year. On this news, Slack’s stock price fell sharply during intraday trading on September 5, 2019.