A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. is trying a different route on Thursday, when it goes public without the IPO.
Slack, which makes software for workers to chat and collaborate on projects, will directly list its shares on the New York Stock Exchange, bypassing the usual fundraising process of an IPO and allowing shareholders to sell right away. The stock exchange set a reference price June 19 of $26 a share, a guide for initial trading. On June 20, the stock was indicated to begin trading ...
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