Slack will be coming to public markets this year, so we’re told, but it won’t be in the form of an initial public offering, IPO – because Slack doesn’t need the money. That is, given that Slack doesn’t need to raise new capital from the retail markets there’s no reason for them to incur the costs which would allow them to raise new capital.
So, it looks like Slack will come to market via a direct listing rather than an IPO:
Slack to bypass traditional IPO with direct listing
Workplace messaging app would follow in the footsteps of NYSE-listed Spotify
On the London market we’d refer to this as an introduction rather than a flotation.…
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