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Slack Plans to Take a Page From Spotify and Forego IPO for a Direct Offering: Report

4 days ago   |   By Fortune

Slack is reportedly planning to go public by listing its shares directly on a stock exchange, bypassing the traditional IPO process in favor of a more unconventional path that brought Spotify to the public stock market last year.
According to the Wall Street Journal , Slack could go public in the second quarter of this year. Instead of the formal IPO underwriting process, in which investment banks line up institutional investors via a process some startups consider too costly, Slack currently expects to use a direct offering, although those plans could change, the Journal said.
Slack's...
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Slack is reportedly following Spotify in going public through a direct listing. Here's how a direct listing works

Slack is reportedly following Spotify in going public through a direct listing. Here's how a direct listing works

4 days ago   |   By Business Insider

Slack is reportedly planning to use a rare direct listing to go public, potentially becoming the second big technology company after Spotify to bypass a traditional initial public offering.
In a direct listing, a company foregoes the usual underwriting process, which involves lining up investors ahead of time and selling shares at a set price, and instead lets the open market play a greater role in setting the price.
Slack, like Spotify, is perfectly positioned to effectively use a direct listing due to its unique combination of name-brand recognition and an already-massive private market...
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