Slack shares open at $38.50 in their trading debut, above $26 reference price and giving the company a valuation of about $23.2 billion
Messaging service’s stock opens at $38.50 on the New York Stock Exchange, above reference price of $26
From Uber to Lyft to Airbnb, it's the year of the tech initial public offering. Jonathan DeYoe, a Bay Area financial adviser to some of the new IPO millionaires, explains how many of his clients acquired so much stock and what he suggests they do with their new riches. Illustration: Timothy Wong for The Wall Street Journal.
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Slack's stock will soon start trading. Here's what you need to know about the non-IPOSlack shares are set to start trading Thursday on the New York Stock Exchange. But don't call it an IPO. The messaging tool, popular with big businesses, is not going public through a traditional route.
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Cramer: Slack could go on a run when it debuts — stay disciplined about the stock'If you can get it below that, great. If not, keep your bat on your shoulder. This is a great story, but we need to stay disciplined,' Jim Cramer says.
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