Slack takes direct listing on NYSE

News Broadband Global 20 JUN 2019
Slack takes direct listing on NYSE

The enterprise messaging group Slack Technologies is set to list on the New York Stock Exchange with a valuation of around USD 15.7 billion. The company is taking a direct listing, without selling new shares. It has set a guide price for its stock of USD 26 per share, which it is expected to exceed significantly in the first day of trading, the Wall Street Journal reports citing people familiar with the matter. 

The shares are planned to start trading on 20 June. 

Categories:

Internet

Companies:

Slack Technologies

Regions:

Global

Tags:

Messaging, Finance

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