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Slack prices IPO at $26 per share


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Posted

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.

This isn’t a first for the technology industry, as Spotify did the same thing about this time last year, but it is still an outlier in terms of common practice for startups looking to the public markets for their liquidity event.

Slack, launched in 2013 by Flickr co-founder Stewart Butterfield, was initially built as a side project to support team communication for Butterfield’s game company Tiny Speck. In the intervening years, it has risen to become one of the most recognized enterprise communication tools currently available.

Update: Slack’s pricing and symbol, ‘WORK’ are now officially confirmed.

Posted
Just now, psycopk said:

emantav sitti... 

poddune konesi..dump by closing time...

its definitely gonna pick up blast...

advantage is..it is available for every one ...not private stocks to hedge funds etc...

go for it.

  • Upvote 1
Posted
2 minutes ago, Spartan said:

poddune konesi..dump by closing time...

its definitely gonna pick up blast...

advantage is..it is available for every one ...not private stocks to hedge funds etc...

go for it.

ok

Posted
Just now, jpismahatma said:

entha varuku velle chances unayi ?

50 datochu.

Posted
Just now, Spartan said:

50 datochu.

ok. I am going to put 50k. with stop loss of 3%/

Posted
Just now, jpismahatma said:

ok. I am going to put 50k. with stop loss of 3%/

@3$%

Posted
Just now, jpismahatma said:

ok. I am going to put 50k. with stop loss of 3%/

@3$%@3$%

Posted
15 minutes ago, Spartan said:

poddune konesi..dump by closing time...

its definitely gonna pick up blast...

advantage is..it is available for every one ...not private stocks to hedge funds etc...

go for it.

Enna sittiyo 

Posted
13 minutes ago, psycopk said:

ok

 

2 minutes ago, Spartan said:

50 datochu.

Dude Hold on to your horses 

Posted
Just now, Quickgun_murugan said:

Enna sittiyo 

nuvvante citzen..ma H1 kashtalu nekem telusu.

Posted
Just now, Spartan said:

nuvvante citzen..ma H1 kashtalu nekem telusu.

Iyyalrepu ee H1 olla dandhaney manchigundi... 

eda padithey aada talgistunru...

nuvvu kashtalannavantey psyco Thatha adukkutintunnatta? 

Posted
Just now, Quickgun_murugan said:

Iyyalrepu ee H1 olla dandhaney manchigundi... 

eda padithey aada talgistunru...

nuvvu kashtalannavantey psyco Thatha adukkutintunnatta? 

reverse cheyi a stmt ni.char marchu.

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