Business > Technology

Slack surges 50% in unusual listing, grabs $23 billion valuation

1 month ago   |   By Reuters

Shares of Slack Technologies Inc surged 50 percent in their debut through a direct listing on Thursday, giving the workplace messaging app owner a valuation of about $23 billion.
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Slack starts trade with surge, valued at more than $23 billion

1 month ago   |   By Reuters

The initial public offering of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, opened at a price of $38.50 per share, valuing it at more than $23 billion, well above the $16 billion reference point set by the New York Stock Exchange.
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Slack stock is surging more than 50% on its first day trading in an unusual 'direct listing'

Slack stock is surging more than 50% on its first day trading in an unusual 'direct listing'

1 month ago   |   By Business Insider

Shares of Slack shot up more than 50% within moments of beginning trading on the public markets Thursday.
The workplace chap app listed shares via an unusual direct listing on Thursday, with existing shareholders bypassing the traditional IPO process and underwriters, to sell shares directly to the public. Slack's stock was set to begin trading at a reference price of $26 a share, but quickly surged to $41,90.
This story is developing...
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Slack surges 50% in unusual listing, grabs $23 billion valuation

1 month ago   |   By Reuters

Shares of Slack Technologies Inc surged 50 percent in their debut through a direct listing on Thursday, giving the workplace messaging app owner a valuation of about $23 billion.
Read more ...

 


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