slack Slack Stock Surges 48% in Unusual Direct Listing Debut Slack jumps nearly 50% in its first day of trading on the New York Stock Exchange, reaching a $19.5 billion market cap. The company bypasses a traditional IPO to allow existing shareholders to sell shares directly to the public.
slack Slack Debuts on NYSE With Strong Volume in Direct Listing Slack bypasses a traditional IPO and successfully goes public via a direct listing, opening with unexpectedly high trading volume and steady stock prices.
tech industry Disappointing IPOs and Antitrust Scrutiny Highlight Turbulent Tech Year A look back at 2019 reveals a turbulent year for the tech industry, marked by failed public offerings and increasing antitrust scrutiny. Major startups struggle to maintain their valuations as investor confidence wavers.
slack Slack Posts $134.8 Million in Q1 Revenue Ahead of Direct Listing Slack reveals a 67% revenue increase in its first quarter as it prepares for a June 20 direct listing on the NYSE. The workplace messaging giant reports growing sales alongside ongoing losses ahead of its public debut.
slack How a Failed Video Game Sparked the Creation of Slack Stewart Butterfield and his former Flickr team initially set out to build a massive multiplayer online game called Glitch, but its eventual failure paves the way for a revolutionary workplace communication tool.
apple Apple's Cook Dismisses Need for Four-Year Degrees as AWS Dominates Cloud Apple CEO Tim Cook states that a traditional four-year degree is unnecessary for coding proficiency, emphasizing the value of early education. Meanwhile, AWS maintains a firm grip on the cloud infrastructure market despite emerging competitors.
startups U.S. Startups Raise $30.8 Billion in Record Q1 Funding Surge U.S. startups collect $30.8 billion in Q1 2019, driven heavily by massive late-stage financings. Meanwhile, newly public companies like Lyft face early stock market turbulence.
slack Slack Selects New York Stock Exchange for Upcoming Direct Listing Slack plans to bypass a traditional IPO and pursue a direct listing on the NYSE, mirroring the strategy Spotify used last year. The messaging giant chooses this route to provide liquidity for employees and investors without raising new capital.
slack Workplace Chat App Slack Confidentially Files for Public Listing Slack confidentially submits a draft registration statement to the SEC for a public listing. The business messaging company plans a direct listing and seeks a valuation exceeding $10 billion.
ipo Tech Companies Bypass Wall Street With Direct Listing Trend Major tech companies like Spotify, Slack, and Airbnb choose direct listings over traditional IPOs to avoid Wall Street fees and roadshows.
slack Slack Logo Controversy Overshadows Massive Startup Funding Rounds Venture capitalists keep busy with massive funding rounds for Rubrik and Knock, but a controversial Slack logo redesign steals the spotlight in this week's startup news.