Business
Asana just filed its S-1 to go public via a direct listing – Business Insider – Business Insider
Asana, the producitivty startup founded by Facebook cofounder Dustin Moskovitz, filed its paperwork for a direct listing on Monday.
Asana, a buzzy workplace collaboration startup created by one of Facebook’s cofounders more than a decade ago, filed paperwork Monday to become a publicly traded company through the novel “direct listing” process.
The move will make Asana only the third major tech company to go public through a direct listing, following in the footsteps of Spotify and Slack. And it means that Asana, which has lost money every year since its founding in 2008, will not raise any capital in the move.
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