Business > Market

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

5 monthes 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...
Read more ...

 

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

5 monthes 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...
Read more ...

 


Search by Tags

   Market      Briefing      Finance      Tech      IPO      Slack      Technology  


Amazon is running a $250 discount on Apple's last-generation MacBook Air...

Amazon is running a $250 discount on Apple's last-generation MacBook Air right now

Amazon has announced a big discount on the last-generation MacBook Air, allowing you to get the laptop for $250 off . The laptop may not be the latest generation, but it's... Read more ...

The FBI is reportedly investigating Deutsche Bank over money laundering...

The FBI is reportedly investigating Deutsche Bank over money laundering regulation compliance, including transactions connected to Jared Kushner

Federal authorities are launching a criminal probe into whether Deutsche Bank failed to properly comply with anti-money laundering regulations, The New York Times reported... Read more ...

Trump Administration Weakens Climate Plan To Help Coal Plants Stay Open

Trump Administration Weakens Climate Plan To Help Coal Plants Stay Open

The Trump administration is replacing one of President Barack Obama's signature plans to address climate change. It may help coal-fired power plants but is unlikely to slow the... Read more ...

The richest man in Hong Kong is funding an entire college class' tuition for...

The richest man in Hong Kong is funding an entire college class' tuition for up to 5 years - here's his incredible rags-to-riches life story

Hong Kong 's wealthiest man, Li Ka-shing, announced June 16 that he would fund up to 5 years of tuition for Shantou University's incoming class. Li is the 28th-richest person... Read more ...

Trump Jr. mocked Biden for promising to cure cancer, then President Trump...

Trump Jr. mocked Biden for promising to cure cancer, then President Trump took the stage and promised to cure cancer

Donald Trump Jr. at a rallly Tuesday night mocked Joe Biden over his recent pledge to cure cancer if he's elected president. Trump Jr.'s comments came during his father's... Read more ...

A Facebook content moderator died after suffering a heart attack while on...

A Facebook content moderator died after suffering a heart attack while on the job, according to a new report detailing harsh working conditions

A Facebook content moderator died last year after suffering a heart attack while on the job, according to a new report from The Verge . The report details the harsh working... Read more ...

Trump administration dodges questions on calls for a UN probe of tanker...

Trump administration dodges questions on calls for a UN probe of tanker attacks as it struggles to convince allies of Iran's guilt

The Trump administration has been dodging inquiries into whether it would support an independent inquiry into the recent oil tanker attacks in the Gulf of Oman. The UN chief... Read more ...

5 women tried Outdoor Voices' new TechSweat leggings - and unanimously...

5 women tried Outdoor Voices' new TechSweat leggings - and unanimously agreed that they're some of the best we've ever worn

Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through... Read more ...

Amazon's new Kindle Oasis has a color-adjustable front light

Amazon's new Kindle Oasis has a color-adjustable front light

Amazon's new Kindle Oasis has a color-adjustable front light and ships with all-new cases that switch the ereader on when opened. Read more ...

Adobe climbs after beating Wall Street earnings forecasts thanks to strong...

Adobe climbs after beating Wall Street earnings forecasts thanks to strong growth in its cloud business

Adobe shares rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share. The creator of Photoshop... Read more ...