GIANT IPO WAVE

A couple of days ago, message platform Slack filed w/regulators to go public. It plans to forgo a traditional IPO and instead intends to sell its shares non-traditionally–to bidders in a direct listing, à la music streaming service Spotify. Recently valued at $7 billion, Slack is the first of the big name companies expected to go public this year.  Other high-profilers include Uber (which could be valued at as much as $120 billion), Lyft, WeWork, and Airbnb…in what could be an all-time record year for public offerings.

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