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Facebook co-founder Dustin Moskovitz is reportedly looking at a direct listing for his $1.5 billion startup Asana to go public next year (AMZN)

Facebook co-founder Dustin Moskovitz is reportedly looking at a direct listing for his $1.5 billion startup Asana to go public next year (AMZN)
Asana



The productivity software startup Asana is planning to go public next year and looking at a direct listing, the Financial Times' Miles Kruppa reported.




Asana, co-founded by Facebook co-founder Dustin Moskovitz, is valued at $1.5 billion and has crossed $100 million in annual recurring revenue.




Both Slack and Spotify did a direct listing when they went public, and Airbnb is also looking at doing the same when it goes public next year.




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The $1.5 billion productively software startup Asana, is looking at a direct listing as it plans to go public next year, the Financial Times' Miles Kruppa reported on Friday.
Asana, which was co-founded by Facebook co-founder Dustin Moskovitz, announced earlier this year that it has crossed $100 million in annual recurring revenue, growing over 90% in revenue last year. It was valued at $1.5 billion after raising a $50 million round last December.
https://www.ft.com/content/53ab02ba-1840-11ea-9ee4-11f260415385Asana has hired Morgan Stanley and JPMorgan Chase to advise on its listing and could execute a private share sale to raise money without an IPO, but it may still pursue the traditional IPO route, the Financial Times reported.
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