Goodwin Procter is poised to pocket $2.5 million for its work on San Francisco-based Slack Technologies, Inc.’s initial public offering, according to its updated S-1 filing with the U.S. Securities and Exchange Commission ahead of its debut on the New York Stock Exchange.
Stock prices in Slack opened at $38.50 a share, up from a reference price set at $26 on Wednesday, valuing the company at over $20 billion.
The workplace messaging company made its debut through a direct listing on the New York Stock Exchange, rather than through a traditional public offering.
Goodwin is Slack’s principal legal advisor on ...