Slack soars nearly 50% in its public trading debut
|06/20/2019||Posted by BusinessMediaguide.Com under General World News||
- Slack is expected to debut Thursday on the New York Stock Exchange under the ticker “WORK” after the exchange set a reference point of $26 per share.
- The company is expected to debut through an unusual “direct listing” process at an approximate $16 billion valuation, according to a Reuters estimate.
- Slack’s public debut is the latest in a long line of multi-billion-dollar money-losing technology companies to hit the stock market in 2019.
- Visit Markets Insider’s homepage for more stories.