Glancy Prongay & Murray LLP Announces Investigation on Behalf of Slack Technologies, Inc. Investors

Sep 05, 2019 04:00 pm
LOS ANGELES -- 

Glancy Prongay & Murray LLP (“GPM”) 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.

If you are a shareholder who suffered a loss, click here to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.

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 Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com