An investigation on behalf of investors of Slack Technologies, Inc. (NYSE: WORK) shares over potential securities laws violations by Slack Technologies, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Slack Technologies, Inc. (NYSE: WORK) concerning whether a series of statements by Slack Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Slack Technologies, Inc. reported that its Total Revenue rose from $220.54 million for the 12 months period that ended on January 31, 2018 to $400.55 million for the 12 months period that ended on January 31, 2019.

On or about June 20, 2019, Slack Technologies, Inc sold 118.4 million shares of stock in its initial public stock offering (the 'IPO'), at $38.50 a share raising $ 4,559,541,140 in new capital.

On September 4, 2019, Slack Technologies, Inc reported second-quarter fiscal 2019 results and issued its financial outlook for its third quarter and full fiscal year 2020.

Shares of Slack Technologies, Inc. (NYSE: WORK) declined to as low as $23.93 per share on September 3, 2019.