• Slack's debut; Fed tonic; Stocks jump

    28 days ago - By Stl Today

    1. Slack starts trading: Shares in Slack, the workplace messaging tool, will start trading Thursday on the New York Stock Exchange.
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  • Slack's direct listing reference price set at $26 today

    28 days ago - By Fast Company

    The company has eschewed the traditional IPO in favor of early investors selling shares directly to the public.
    The New York Stock Exchange has set the reference price for Slack shares, which go on sale today, at $26, reports CNBC. Slack's shares will be traded under the ticker symbol “WORK.” However, though Slack shares will go on sale to the public today, this isn't a traditional IPO most tech companies are so fond of.
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  • Slack to take unusual route to public markets, likely valuing it around $16 billion

    28 days ago - By Reuters

    Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter.
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  • Slack's unusual offering likely won't have a first-day pop. Here's why most IPOs still factor in a pop, even though they can cost startups billions

    Slack's unusual offering likely won't have a first-day pop. Here's why most IPOs still factor in a pop, even though they can cost startups billions

    28 days ago - By Business Insider

    Investors and analysts are questioning the value of the traditional initial public offering process and the sharp jump in company shares that typically accompanies it.
    That rise, or pop, in a startup's shares on their first day of trading can represent millions of dollars in money that the company left on the table - and billions of dollars in the aggregate.
    Some companies, including Slack , which is set to go public Thursday , are forswearing first-day pops by pursuing alternatives to the standard IPO process.
    While some investors decry pops, other investors and analysts think they and...
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  • Slack Is Going Public Without an IPO. Here's How a Direct Offering Works

    28 days ago - By Fortune

    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 the vast majority of tech companies that go public using an initial public offering, or IPO, Slack will use a direct offering.
    Slack's workplace collaboration software is used by 600,000 companies and organizations, and is considered by many to be an indispensable...
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