.SlackHQ is set to start trading Thursday in what's known as a direct listing. Slack's listing is the latest in several highly anticipated tech IPOs.
Slack CEO Stewart Butterfield poses for photos outside the New York Stock Exchange before his company's IPO, Thursday, June 20, 2019.
While there is no set price for the listing, in a regulatory filing Slack said the volume weighted average price of shares that changed hands in the private market from February through May was $26.38.Slack aims to replace traditional work communication like email with its own messaging platform. Users start “channels,” or a group chat with a specific topic, rather than starting an email string about a subject. Slack says 600,000 organizations in more than 150 countries use Slack.
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