BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Slack Technologies, Inc. (“Slack” or the “Company”) (NYSE: WORK) investors concerning the Company and its officers’ possible violations of federal securities laws.
On June 20, 2019, Slack held its initial public stock offering (“IPO”), selling 118.4 million shares of stock at $38.50 per share.
On September 4, 2019, Slack reported its second-quarter fiscal 2019 results and issued guidance for the third quarter, expecting a wider loss than analysts predicted.
On this news, Slack’s share price fell sharply during intraday trading on September 5, 2019. Since the IPO, the Company’s stock has traded as low as $26.47, or 31% below the IPO price, thereby injuring investors.
If you purchased Slack securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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