Motilal Oswal
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Motilal Oswal
Business

Slack surges 50% in unusual listing, grabs $23 billion valuation

Updated : June 21, 2019 10:08 PM IST

The stock opened at $38.50, nearly 48 percent above a reference price of $26 set by the New York Stock Exchange on Wednesday.
Slack is the second high-profile technology company after Spotify Technology SA to opt for a direct listing over a traditional IPO.
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