Slack just hinted at how many shares could be for sale in its direct listing next week
|06/14/2019||Posted by BusinessMediaguide.Com under General World News||
- A new filing from Slack gives insight into how many shares may be available for sale when the office chat company goes public in its direct listing next week.
- 180 million company executives, investors and employees have converted their high-vote Class B stock into Class A stock since April 30, the company disclosed on Friday.
- CEO Stewart Butterfield and Chief Financial Officer Allen Shim are among the Slack insiders who have converted their equity.
- While these insiders aren’t obligated to sell the shares in the direct listing, shares have to be converted to Class A before they can be sold to the read more >>>