Thursday, June 20, 2019

Slack prices IPO at $26 per share | TechCrunch

A big day ahead for Slack; also see Slack Wants to Replace Email. Is That What We Want? | NYT
"Slack’s  public debut is happening Thursday on the NYSE and the company has set a reference price of $26 per share for its direct listing, according to WSJ, which would value the company at around $15.7 billion.

The company’s stock is expected to pop at open, according to the WSJ’s sources. Slack is pursuing a direct listing, eschewing the typical IPO process in favor of putting its current stock on to the NYSE without doing an additional raise or bringing on underwriter banking partners."
Slack prices IPO at $26 per share | TechCrunch

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