Slack to take unusual route to public markets, likely valuing it around $16 billion

NEW YORK - 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.

“We think the jury is out on whether this is the right move or not,” said Kathleen Smith, a principal and manager of IPO ETFs at Renaissance Capital. “Looking at Spotify, it takes a little time for the stock to get established after a direct listing.” Slack’s direct listing could have implications for other large technology companies such as Airbnb, which is considering going public through a similar approach, a person familiar with the matter said.

Spotify’s direct listing in April 2018 was perceived as a success at the time, with a healthy number of buyers and sellers.

Folks this isn't new, it's just AOL instant messenger all over again!!!!!

Decentralization is upon us.

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Slack IPO Reference Price Set at $26 a ShareSlack Technologies Inc. is set to make its trading debut Thursday on the New York Stock Exchange at a valuation of about $15.7 billion, the second major company to go public through a so-called direct listing. Do you understand how meaningless it is to include a share price without the corresponding valuation ? SlackHQ Stay away from $SLACK stock since Microsoft office teams is eating their Lunch since all VC socialcapital wants to throw their shares in public markets SlackHQ Stay away from $SLACK stock since Microsoft office teams is eating their Lunch since all VC's wants to throw their shares in public markets
Source: WSJ - 🏆 98. / 63 Read more »