TEAM - Asana Rolls Out U.S. Direct Listing Plan
Quick Take
Asana (ASANA) has filed for a direct listing of its Class A common stock, according to an S-1 registration statement.
The firm provides enterprise collaboration and workflow management software globally.
ASANA is growing rapidly but producing high operating losses and operating cash burn.
I’ll provide a final opinion after the firm’s investor day presentation.
Company & Technology
San Francisco, California-based Asana was founded to develop business collaboration tools to enable users to more effectively work across geographies and throughout the organization.
Management is headed by co-founder, president and CEO Dustin