Tag: Slack
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Slack’s (WORK.NYSE) sad performance and the scourge of Silicon Valley
When Slack (WORK) listed on the NYSE this year, it was the first tech unicorn to grace American markets through a direct listing rather than the traditional Initial Public Offering (IPO). This historic event came on the heels of a growing dissatisfaction in Silicon Valley over Wall Street’s preferred path to public trading. In fact,…
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![Direct Listings vs IPOs]()
Direct Listings vs IPOs
Technology companies like Slack (WORK.Q) and Lyft (LYFT.Q) have one thing in common: their affinity to make losses. But before Lyft fooled the retail investor, it fooled a bigger player: the buyer of its pre-IPO stock. The same isn’t true of Slack which opted for a direct listing instead. Now, you may be asking yourself,…
