Like Spotify before it, workplace-messaging company Slack plans to go public through a direct listing, according to the Wall Street Journal. By having a direct listing, Slack shareholders won’t be diluted by the issue of new shares. The company will bypass the fees of underwriters, which often charge as much as 8% of an IPO capital raising to assist in regulatory requirements and ensure realistic...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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