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Slack to Go Public Today at $26: Will It Get Fiverred or Uberred?

Mayur Sontakke, CFA, FRM
Slack to Go Public Today at $26: Will It Get Fiverred or Uberred?

Slack’s public debut is a little different. Slack is following the direct public offering route to list its stock on the NYSE. Unlike an IPO, companies don’t raise any money through a DPO. Instead, they give an exit opportunity to their shareholders. There is no investment banker to market the shares and hold them to reduce volatility. Last year, Spotify (SPOT) followed this route.