Associated Press Shares of Slack began trading on Thursday more than 50% above the "reference price" it had set for its shares in an unusual "directly listing." The workplace chap app bypassed the traditional IPO processand underwriters and allowed existing shareholders sell their shares directly to the public. Slack’s was at $41.90 per share […]
Slack stock is surging more than 50% on its first day trading in an unusual ‘direct listing’ (WORK)
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 […]