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?
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.
Also, an IPO would bring additional dilution to their stock. Why dilute if you don’t need to?
Totally agree with that, but I was wondering more about the so called security
Cars
Yesterday
1305
Seattle people, what cars do you have? 🙂
2024 Presidential Election
10h
910
If you vote for Biden this year, don't complain about layoffs
Tech Industry
Yesterday
3676
Googlers entered Sundar’s office in protest and threatened to stay
Tech Industry
12h
3251
Goog Employees Arrested
Tech Industry
Yesterday
471
Tried the free FSD update
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.