Slack Is Going Public Without an IPO – How a Direct Listing Works
1–10 of 89 posts
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#2*went
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#350% pop, not bad. Underwriters got $0 of that pop, very nice for whoever pounced early.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#450% pop, not bad. Underwriters got $0 of that pop, very nice for whoever pounced early.
Sure it's up 50% from the "reference price", but publicly for you and me retail investors we had NO chance at that gain.
You'd have been super lucky to get some shares at where it opened at $38.88 (12:08 EST). It immediately shot up to daily high of $41.95 which is most likely where retail trades would have executed at (assuming you used a market order, which you never should). Always buy with limit orders. See the following screenshot of the graph of today[1] of $WORK for reference.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#550% pop, not bad. Underwriters got $0 of that pop, very nice for whoever pounced early.
Sure it's up 50% from the "reference price", but publicly for you and me retail investors we had NO chance at that gain. You'd have been super lucky to get some shares at where it opened at $38.88 (12:08 EST). It immediately shot up to daily high of $41.95 which is most likely where retail trades would have executed at (assuming you used a market order, which you never should). Always buy with limit orders. See the f…
> assuming you used a market order, which you never should).
Yeah I don't get why market orders even exist. If you're doing something that usually costs thousands to millions, is it ever a meaningful benefit to saving a click or two and a few keystrokes?
If my broker had an option to remove my ability to do market orders (sell or buy) I would immediately enable that.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#650% pop, not bad. Underwriters got $0 of that pop, very nice for whoever pounced early.
Sure it's up 50% from the "reference price", but publicly for you and me retail investors we had NO chance at that gain. You'd have been super lucky to get some shares at where it opened at $38.88 (12:08 EST). It immediately shot up to daily high of $41.95 which is most likely where retail trades would have executed at (assuming you used a market order, which you never should). Always buy with limit orders. See the f…
Would you mind explaining the difference between a market order & a limit order?
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#7I know this is an apples and oranges comparison, but I just find it fascinating how value is derived in society.
The current stock price, Slack's market cap is half of Tesla's. And, a lot of people think that Tesla is overvalued.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#8Earlier quoted context omitted.
Sure it's up 50% from the "reference price", but publicly for you and me retail investors we had NO chance at that gain. You'd have been super lucky to get some shares at where it opened at $38.88 (12:08 EST). It immediately shot up to daily high of $41.95 which is most likely where retail trades would have executed at (assuming you used a market order, which you never should). Always buy with limit orders. See the f…
Would you mind explaining the difference between a market order & a limit order?
A market order is "I want to buy 10 units, no matter what the market price is" and a limit order is "I want to buy 10 units at a price no more than $50" or whatever.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#9Earlier quoted context omitted.
Sure it's up 50% from the "reference price", but publicly for you and me retail investors we had NO chance at that gain. You'd have been super lucky to get some shares at where it opened at $38.88 (12:08 EST). It immediately shot up to daily high of $41.95 which is most likely where retail trades would have executed at (assuming you used a market order, which you never should). Always buy with limit orders. See the f…
> assuming you used a market order, which you never should). Yeah I don't get why market orders even exist . If you're doing something that usually costs thousands to millions, is it ever a meaningful benefit to saving a click or two and a few keystrokes? If my broker had an option to remove my ability to do market orders (sell or buy) I would immediately enable that.
Would it still be called a market order if you were denominating the order in dollars-converted-at-moment-of-sale? I.e. "buy however many shares I would get for $500, I don't care how many or few that is at the time." That seems more useful, and still caps your losses, while offering something limit orders don't.
Re: Slack Is Going Public Without an IPO – How a Direct Listing Works
#10I know this is an apples and oranges comparison, but I just find it fascinating how value is derived in society. The current stock price, Slack's market cap is half of Tesla's. And, a lot of people think that Tesla is overvalued.
It is really hard to make a financial argument for the value of a stock that makes no profits and is has a low to negative book value. Clearly there are valuable companies in this category such as Amazon and Facebook early in their days as public companies. But trying to figure out what they might be worth someday is an exercise in predicting what the future of the world might be. It is not like making a calculation on the back of an envelope.
So to the OP, yeah I totally agree. It's fascinating.