Slack DPO. Does it mean early investors don't have long term faith?

New / Eng
tiggerrrr

New Eng

PRE
Oracle
tiggerrrrmore
Jun 20 4 Comments

Why would any company want to directly list and be less secure? The only upside seems to be no lock up and direct access. Am I missing something?

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TOP 4 Comments
  • This comment was deleted by original commenter.

    • New / Eng
      tiggerrrr

      New Eng

      PRE
      Oracle
      tiggerrrrmore
      OP
      Totally agree with that, but I was wondering more about the so called security
      Jun 20
  • Because slack is confident they can list and sell at the price they(slack and current investors) decide and the company believes in the stock hence they don't need underwriters(investment banks) to buy the stock at price decided by the banking firm.
    Jun 20 0
  • Tophatter RXfA21
    Also, an IPO would bring additional dilution to their stock. Why dilute if you don’t need to?
    Jun 20 0
  • Two Sigma / Eng mgre
    There are lots of reasons to sell a stock.

    If nothing else, you should expect that many employees have a substantial holding and want to diversify.
    Jun 20 0

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