Slack Is Going Public Without an IPO. Here’s How a Direct Offering Works

Ten years after it was founded, Slack Technologies will list its shares on the New York Stock Exchange on Thursday. The ticker symbol? WORK. And the NYSE has set Slack’s stock reference price, which may help determine where it starts trading, at $26 a share, valuing the company around $15.6 billion. But in contrast to […]

Slack IPO: The Stock Market Is Rolling Out Its Welcome Mat Over Recent, Successful Tech Listings

After a sluggish spring, technology companies braving stock offerings in the public market are finding a warmer reception this month. The biggest test will come later this week, when Slack Technologies is expected to start trading through a direct offering. Slack’s chat and collaboration platform has become a workplace tool in 600,000 organizations, 95,000 of […]

Uber’s First Earnings Report Offered No Surprises for Wall Street

Three weeks after staging one of the biggest tech IPOs in years, Uber delivered its first-ever earnings report Thursday, with revenue growing 20% and a net loss of just over $1 billion. Both figures were in line with investor expectations. Uber said revenue advanced 20% to $3.01 billion in the first quarter of 2019, propelled […]

Pinterest Falls 19% on Its First Earnings Report, Previewing a Troubling Post-Tech IPO Trend

The bullish tech IPO market of early 2019 faced another setback Thursday as Pinterest, which has seen its stock price soar following its listing a month ago, delivered its first-ever earnings report. The numbers were largely below what investors were hoping for, causing the stock to fall as much as 19% in after-hours trading. Pinterest […]

Here’s How Ride-Sharing Drivers Will Strike Ahead of Uber’s Massive IPO

One of the perks of an IPO, it’s often said, is all the free publicity it can bring. In the case Uber, however, the extra attention ahead of its long-awaited IPO may not be so positive. Drivers working for Uber, Lyft and other ride-sharing apps are organizing strikes in the U.S. and the U.K. on […]

Lyft’s First Earnings Report Shows 95% Revenue Growth—and a $1.1 Billion Net Loss

Lyft’s first earnings report since its high-profile IPO proved to be a mixed bag of good and bad news. Revenue growth in the quarter surpassed analyst estimates but the company’s net loss was significantly weighed down by stock-based compensation related to its March 29 offering. Lyft also announced it was partnering with Waymo, an Alphabet […]

Lyft Rises 9% on First Day of Trading for a Market Cap of $26.5 Billion

Lyft’s long-awaited debut on a U.S. stock exchange proved to be a success Friday, with the stock closing up 8.7% at $78.29 a share, giving the stock a $26.6 billion valuation after its first day of trading and auguring a warm welcome for other tech decacorns that have shunned the IPO pipeline for years. Although […]

Pinterest, Valued Near $12 Billion, Files for an April IPO

Pinterest filed documents to go public with the Securities and Exchange Commission late Friday, joining other tech-unicorn peers such as Uber and Lyft in what is becoming a crowded IPO pipeline. The social-media company, last valued at $12.3 billion in a June 2017 private round of financing, was reportedly bumping up its timing for a […]