SINGAPORE (June 17): In March last year, music streaming giant Spotify launched an unusual direct public offering on the New York Stock Exchange, as opposed to the IPO route most companies take. Messaging software firm Slack will take a page out of Spotify’s book for a similar path on June 20. “Companies like Slack that don’t need to raise any money are taking the cheapest, most efficient way to list their shares,” Rishi Jaluria, software analyst for DA Davidson in Portland, Oregon, told The Edge Singapore in a recent interview.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia