Slack Seriously Considering Direct Market Listing

By Joshua Franklin, Aparajita Saxena

“Slack’s direct listing is an inherently less expensive way of going public, but what it really comes down to is speed,” said Daniel Lugasi, a portfolio manager at Florida-based VL Capital Management.

Venture capital firms that have invested in Slack are “looking for an exit and with the rapid growth of Microsoft Teams, they want out fast. The direct listing provides the VCs with a quick exit and we believe this is the mitigating factor behind (Slack seeking a direct listing),” Lugasi said.

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