Slack reference price set at $26 per share: NYSE

Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.

That does not necessarily mean Slack will open at $26 when it makes its stock market debut on Thursday. The company decided to pursue a direct listing, rather than a traditional initial public offering. This allows existing investors to sell into the public markets, but the company won't be offering shares or raising fresh capital.This is breaking news. Please check back for updates.

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Slack's stock will soon start trading. Here's what you need to know about the non-IPOSlack shares are set to start trading Thursday on the New York Stock Exchange. But don't call it an IPO. The messaging tool, popular with big businesses, is not going public through a traditional route. You are right Mentioning IPOs, when is DOJ going to start investigating China and the IPOs, they allegedly took from our American businesses. IPO = It’s Probably Overpriced.
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