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What Slack's Stock Debut Could Mean for Future IPOs

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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)


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