Slack Goes Public: What We Learned From Its Direct Listing Debut

Slack your coworkers–the workplace messaging company is now public. Huddled on the NYSE trading floor, members of the press, investors and market makers alike hurried up and waited for Slack to begin trading on Thursday. The company’s iconic message “ping” signaled it was time for Slack founder and CEO Stewart Butterfield to ring the bell. […]

Slack Jolts to $21 Billion Valuation In Direct Listing Debt After Shunning IPO

A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. took a different route on Thursday, and saw its shares soar as it went public without an IPO. Slack opened at $38.50 on the New York Stock Exchange Thursday, well above the reference price of […]

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 […]

4 Things Investors Need to Know About Slack’s Direct Listing

Slack is finally going public this week–but don’t expect an IPO. The workplace messaging company is opting instead for a so-called direct listing. Unlike an ordinary IPO, a direct listing means the company doesn’t issue any new shares and doesn’t raise additional capital. It’s primarily a way for company insiders to sell some of their […]

Why Slack’s Upcoming “Direct Listing” May Work For Investors

During an IPO boom, fast-growing companies typically go public for one reason alone: to raise cash. Lyft, Pinterest, and Zoom are just a few of the closely watched startups to debut in recent months, raising billions in the public markets to fuel their growth. But now there’s a new twist: Going public without raising any […]