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1.83507282946494E-05 0 0.000229384103681732 0.000344076155522435 0 -0.000688152311044708 0.000344076155522435 0.00194976488129375
Stock impact report

Slack shares surge more than 50% over reference price in market debut [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
Slack shares surge more than 50% over reference price in market debut Slack The stock, under the symbol WORK, opened at $38.50, nearly 50% above the reference price of $26 set by the NYSE on Wednesday night. The pop puts Slack's market cap over $20 billion. As of April, Slack was valued at nearly $17 billion on the secondary market Forge Global Slack is part of a slew of tech companies to go public this year including Uber Lyft Zoom Pinterest PagerDuty CrowdStrike unusual direct listing route Spotify list directly In a direct listing, unlike an IPO, banks do not underwrite the offering, and no new shares are sold, so the company does not receive any additional money for operations. It's simply a way for existing shareholders to get liquidity by registering their shares for sale on the public market. Plus, Slack doesn't need to raise more money since it already has more than $800 million in cash on hand. Slack said it engaged Goldman Sachs, Morgan Stanley and Allen & Company as financi Show less Read more
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