Public Notes by chase_ats Tagged #web_companies
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Slack worth close to $25B it seems at $40+ stock price. It seems it did direct listing at $26. Last private valuation was $7.1B. Buttefield’s equity of Slack at $38 a share is $1.5B. — “The workplace collaboration company’s shares began trading at $38.50 on the New York Stock Exchange, up from a reference price of $26 that was set on Wednesday. That gave Slack a fully diluted valuation of $23.1 billion, more than triple its $7.1 billion valuation as a private company. In the weeks before the listing, investors had privately traded Slack’s shares at prices as high as $31.50 a share.” #IPOs #tech_companies #unicorns #slack #billionaires #public_companies #web_companies #pub