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[-]  11-01-19 17:52

Business Insider
Slack is reportedly following Spotify in going public through a direct listing. Here's how a direct listing works.
Slack is reportedly planning to use a rare direct listing to go public, a move that would make it the second big technology company after Spotify to bypass a traditional initial public offering.
In a direct listing, a company forgoes the usual underwriting process, which involves lining up investors ahead of time and selling shares at a set price, and instead lets the open market play a greater role in setting the price.
Slack, like Spotify, seems well positioned for a direct listing because of ...

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