Slack is reportedly following Spotify in going public through a direct listing. Here’s how a direct listing works.

Slack is reportedly planning to use a rare direct listing to go public, potentially becoming the second big technology company after Spotify to bypass a traditional initial public offering. In a direct listing, a company foregoes the usual underwriting process, which involves lining up investors ahead of time and selling shares at a set price, and instead lets the open market play a greater role in setting the price. Slack, like Spotify, is perfectly

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