Slack is planning for direct share listing instead of an IPO [Business News Network (BNN) Energy & Resources (Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Business News Network
Slack is planning for direct share listing instead of an IPO Slack Technologies Inc. plans to forgo a traditional initial public offering and instead intends to sell its shares to bidders in a direct listing, a person familiar with the matter. The messaging platform company is choosing the unusual method for going public because it doesn’t need the cash or publicity of an IPO, said the person, who asked not to be identified because the information wasn’t public. Slack hasn’t filed with U.S. regulators for the listing yet and it’s unclear when it will because of the continuing shutdown of the federal government, the person said. The share sale, which might take place toward mid-year, could value Slack at more than US$7 billion, according to the person, who added that the company’s plans could still change. A representative for San Francisco-based Slack declined to comment. The company was valued at US$7.1 billion in a US$427 million funding round in August. If Slack goes ahead with a d
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News
- Spotify Stock Has 25% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision' [FOX Business Network]FOX Business Network
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Guggenheim from $290.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at HSBC Holdings plc from $310.00 to $355.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Bank of America Co. from $315.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- SPOT's page on the SEC website