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Slack Is Heading to the Stock Exchange With an Unusual - and Risky - Strategy

1 month ago   |   By Time

As 2019's bumper crop of initial public offerings either languishes or wildly exceeds expectations, Slack Technologies Inc. is taking a route to the trading floor that it hopes will yield a much more boring outcome.
Following in the footsteps of music-streaming service Spotify Technology SA last year, the workplace messaging application is set to start trading on the New York Stock Exchange Thursday via a direct listing. It's just the second large company to test the unusual method and will be closely watched by other potential candidates to see how successfully the company and its...
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