Slack Insiders Could Easily All Sell Now, but Here’s Why They Might Not In a typical IPO, insiders can’t sell shares for up to 6 months — but that isn’t the case with Slack’s direct public offering. Insiders made a pretty penny in Slack’s (WORK) direct listing this week. But what happens if long-term investors […]
Tag: Slack
EquityZen's Phil Haslett quoted in San Francisco Business Journal
Slack’s direct IPO gains 12 cents on first-trading day Jun 20, 2019, 1:22pm PDT Updated Jun 20, 2019, 5:55pm EDT Slack Technologies’ direct IPO opened strong Thursday morning, but was far from being a barn-burner during its first trading day, inching up only 12 cents between the opening price and its close. Read more here: […]
EquityZen's Atish Davda on CNBC
Here are the benefits of Slack going public as a direct listing – Stephan Paternot, Slated.com, and Atish Davda, Equity Zen founder and CEO, join “The Exchange” to discuss Slack going the route of direct listing instead of an initial public offering.
EquityZen's Adam Augusiak-Boro quoted in CBS Moneywatch
Slack, the workplace chat software with cult-like following, goes public Shares of the workplace software company Slack Technologies will be offered to the public for the first time Thursday. Trading has a target price set at $26 a share on the New York Stock Exchange under the ticker symbol “WORK.” About three-quarters of U.S. companies […]
EquityZen's Adam Augusiak-Boro quoted in Quartz
After Slack, the IPO market might never be the same The traditional initial public offering has lost its luster in Silicon Valley. Startups awash in billions of venture capital are pushing off the day as long as possible. Venture capitalists lament the “broken” IPO process. The average time for US technology companies to go public […]
EquityZen in San Francisco Business Times
Secondary markets hint at Slack’s IPO opening at this price Slack Technologies’ long-awaited direct IPO is expected to begin trading Thursday without the traditional markers of a pricing range or set IPO price prior to trading, but the secondary markets are expected to play a critical role in setting its opening price. Read more here: […]
EquityZen in Bloomberg BusinessWeek
Slack’s Direct Listing Leaves Wall Street Fighting for Fees Banks can still make money when companies skip a traditional IPO, but the spoils go to a select few. Wall Street had good reason to be anxious last year when music streaming company Spotify Technology SA did a so-called direct listing, putting shares on the market […]