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Slack Just Went Public and the Stock Is Trading Well Above Expectations

Eric J. Savitz

With a market value of $23.1 billion, Slack is worth more than half of the companies in the large-cap S&P 500. In that case, the NYSE set a reference price of $132, about in line with the highest previous private market trade for Spotify shares at $131.88. Spotify opened 26% above the reference price