• Slack is reportedly following Spotify in going public through a direct listing. Here's how a direct listing works

    5 monthes ago - By Business Insider

    Slack is reportedly planning to use a rare direct listing to go public, potentially becoming the second big technology company after Spotify to bypass a traditional initial public offering.
    In a direct listing, a company foregoes the usual underwriting process, which involves lining up investors ahead of time and selling shares at a set price, and instead lets the open market play a greater role in setting the price.
    Slack, like Spotify, is perfectly positioned to effectively use a direct listing due to its unique combination of name-brand recognition and an already-massive private market...
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  • Slack to follow Spotify down unconventional IPO route

    Slack to follow Spotify down unconventional IPO route

    5 monthes ago - By eFinancial News

    Messaging company, recently valued at $7bn, aims to debut in the second quarter
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