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Trouble for Bankers? Slack’s Direct Offering Bests Uber’s IPO

Trouble for Bankers? Slack’s Direct Offering Bests Uber’s IPO

Slack (WORK) opened for trading on June 20 at around 12:00 ET. The stock opened at $38.25, 47% higher than the reference price of $26 set by the NYSE. At that price, the company is valued at over $23 billion.