A bit of breaking news in the IPO world, Slack reportedly has chosen the New York Stock Exchange for its direct listing that would be expected in June or July.
This according to Dow Jones of course that comes after really our first unicorn of the year out the door in the lift IPO a little bit of a pop there on Friday selling off today going below that IPO price. This would be different.
This would not be that sort of traditional Roadshow IPO. This is a direct listing more similar to what we saw from Spotify which makes sense for coming like slack. Sure I mean I think what I love about Spotify is the reckless thing is that it made transparent what the point of going public is, which is to create a liquidity event for your early investors and your employees.
You know you’re not necessarily trying to raise new cash I remember slack’s last fundraiser was like $500Mn. It’s like they have a lot of cash. Plenty of cash on their balance sheet and so sure ever since the fidelity of the world.
I’m going to get back on that horse venture. There’s tons of money in that area.
I’m on slack right now as a matter of I can’t talk to you. All we do is we do the show on the flat that’s what we should do look you.
The company's value has skyrocketed this year
Sure you got a platform it is a video we already do the show a billion dollars per video right you could integrate Yahoo Finance video into your slack will we have other companies though before I guess this June July date basically Google’s gonna go public before that the Pinter’s.
I mean there’s so many out there.
Slack goes public without an IPO
There’s it’s kind of a long runway to go June to July but more because they’re talking about Q3 maybe all right. So we just started Q2 who else comes public in the next three months see more to combat other reports are herb dow jones at slack has picked the new york stock exchange this summer with a direct listing going into the public market.