KQED Radio
KQED Newssee more
Latest Newscasts:KQEDNPR
Player Sponsored By
upper waypoint

What Slack's Stock Debut Could Mean for Future IPOs

23:42
at
Save ArticleSave Article
Failed to save article

Please try again

Traders gather around a post as they wait for shares of Slack to start trading at the New York Stock Exchange (NYSE), June 20, 2019 in New York City. The workplace messaging app Slack will list on the New York Stock Exchange this morning. Shares of Slack were surging more than 60 percent over its reference price in early afternoon trading.  (Photo: Drew Angerer/Getty Images)

San Francisco-based Slack Technologies Inc. had its stock market debut on Thursday, ending its first day of trading worth nearly $20 billion. The company, which makes a workplace-chat tool, took an unorthodox route to Wall Street, used a direct listing method rather than the conventional I.P.O. route. Coming up on Forum, we’ll look at how Slack succeeded where recent offerings from startups like Uber and Lyft fizzled. We’ll also look Slack’s reputation for employee diversity — and talk with one former employee who is calling on the company’s investors to use their returns to help companies owned by people of color.

Related Links:
Slack’s Stewart Butterfield Shares His Philosophy of Startup Success (Forum Archives)

Sponsored

lower waypoint
next waypoint
NPR's Sarah McCammon on Leaving the Evangelical ChurchKQED Youth Takeover: We’re Getting a WNBA TeamRainn Wilson from ‘The Office’ on Why We Need a Spiritual RevolutionForum From the Archives: Remembering Glide Memorial's Cecil WilliamsErik Aadahl on the Power of Sound in FilmKQED Youth Takeover: How Can San Jose Schools Create Safer Campuses?Supreme Court Hears Oral Arguments in Major Homelessness CasePercival Everett’s Novel “James” Recenters the Story of Huck FinnHave We Entered Into a New Cold War Era?KQED Youth Takeover: How Social Media is Changing Political Advertising