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71% of retail client accounts lose money when trading CFDs, with this investment provider. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Markets Limited. The ecommerce firm already has a listing on the NYSE, where it raised US$25 billion in 2014, chalking up the largest IPO listing in history. Tech firms are queueing up in line to list in the public market this year, with Wall Street scooping up most of the listings.įrom ride-hailing app Lyft’s listing in March, to scrapbook firm Pinterest in April, tech giant Uber in May, even now Chinese ecommerce Alibaba is jumping on the IPO bandwagon to catch the wave.Īlibaba is said to have filed confidentially for a listing in Hong Kong last week and is expected to file for as much as US$20 billion in the new listing. In a direct listing, there are more risks in terms of share price volatility compared to an IPO as the stocks have a larger exposure to the open market. The opening public price will be determined by buy and sell orders collected by the bourse from broker-dealers ,the NYSE said in a notice early this morning. The reference price is not the offering price. Music tech firm Spotify also made a direct listing last year, forgoing the more traditional IPO route start-ups tend to take. Instead of an initial public offering (IPO), Slack has opted for a direct listing without doing an additional raise or bringing in underwriters to handle the deal. Last year, Slack was valued at US$7.1 billion by private investors. Shareholders were said to have sold stock to private buyers earlier this year for shares at a range of US$24 or US$27 per share. The latest valuation will price the tech firm's valuation close to its recent private sales, where its stock's valuation was pushed to US$16 billion. The stock will be listed with the symbol WORK. Workplace instant messaging app Slack will be making its public debut on the New York Stock Exchange (NYSE) on Thursday (June 20, 2019) at a reference price of US$26 per share, which would value the firm at around US$15.7 billion.

Slack stock direct listing