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PitchBook Analyst Note: The Only Time Slacking Off Could Pay Off

2Q 2019

PitchBook Analyst Note: The Only Time Slacking Off Could Pay Off

April 29, 2019

PitchBook Analyst Note: The Only Time Slacking Off Could Pay Off
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When Spotify shunned traditional processes in its 2018 IPO campaign in favor of listing directly, this anomalous exit strategy seemed to pique the interest of other companies in the IPO pipeline as well. A year later, Slack appears an atypical candidate for this atypical exit path, but if its endeavor to list directly is successful, it could inspire other similar VC-backed enterprises to consider this potentially cost-saving approach to the public markets. Our latest analyst note evaluates Slack's unique profile and the challenges it could face in its direct listing attempt.