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Slack’s Direct Listing Reference Price Is Set at $26 by NYSE

Slack Skipping IPO and Going Right to the Public

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By Eric Newcomer and Sonali Basak

June 19, 2019 at 9:18 PM UTC

This article is for subscribers only.

The New York Stock Exchange set a reference price of $26 per share for trading in workplace messaging application Slack Technologies Inc.

The number is in line with the volume weighted average price at which the stock has been changing hands in the private markets. Slack said in a filing last month that number was $26.82 for May, a slight increase from $25.91 in April.