Slack Skipping IPO and Going Right to the Public

Jun.17 — Work collaboration tool Slack is going public this week, but not with an IPO. The company is opting for a direct listing allowing it’s investors and employees to sell their existing shares immediately. The company has a current valuation of $16.5 billion. Bloomberg’s Emily Chang reports.
Disclosure: Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.

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