Cal Henderson, the British co-founder of Slack, could be looking at a paper fortune worth £436 million times photographer Richard pohleThe British co-founder of Slack stands to be worth an extra $400 million next week after the messaging service that he created by accident ten years ago lists on the stock market. The company is expected to be valued at between $16 billion and $17 billion when it floats next Thursday, roughly 20 times its projected 2021 revenue, according to Bloomberg News, whose owner, Bloomberg, has a stake in Slack through Bloomberg Beta, its venture capital division. The debut comes after other technology floats this year, including those of Uber and Lyft, the taxi-hailing services, and Pinterest, the digital pin board. Slack was valued at $7.1 billion after its most recent fundraising in August last year. It was thought to be targeting a float valuation…

Source: The Times June 12, 2019 16:13 UTC