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 […]

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 […]

Slack’s Chairman Was Raised in a Log Cabin. Now He’s Worth $1.3 Billion

Canadian entrepreneur Stewart Butterfield helped found Slack Technologies Inc. after selling his earlier startup, Flickr, to Yahoo for more than $20 million. The latest venture is bringing a bigger windfall. His 8% stake in the workplace communication company would be worth $1.3 billion if Slack goes public this week at $16 billion, the low end […]

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 […]