Slack just hinted at how many shares could be for sale in its direct listing next week

Stewart Butterfield

  • A new filing from Slack gives insight into how many shares may be available for sale when the office chat company goes public in its direct listing next week.
  • 180 million company executives, investors and employees have converted their high-vote Class B stock into Class A stock since April 30, the company disclosed on Friday.
  • CEO Stewart Butterfield and Chief Financial Officer Allen Shim are among the Slack insiders who have converted their equity.
  • While these insiders aren’t obligated to sell the shares in the direct listing, shares have to be converted to Class A before they can be sold to the public.
  • Click here for more BI Prime stories.

New information disclosed by Slack hints at just how many shares could be put up for sale when the office chat company goes public in a direct listing on Thursday.

As of June 13, there are 180,969,751 shares of Class A stock outstanding, and 323,542,383 shares of Class B common stock outstanding, Slack disclosed on Friday

That means that nearly 180 million Class B shareholders have converted their stock since Slack’s last disclosure from April 30.

 » Read More

Loading...

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

Comments

comments

From Project Scarlett to Gooigi: The best of E3 2019

From Project Scarlett to Gooigi: The best of E3 2019

How to make GIFs on an iPhone using live photos, through the Photos app or Giphy

How to make GIFs on an iPhone using live photos, through the Photos app or Giphy