Slack starts trade with surge, valued at more than $23 billion
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NEW YORK (Reuters) - The initial public offering of Slack Technologies Inc, the fast-growing workplace messaging and communication platform, opened at a price of $38.50 per share, valuing it at more than $23 billion (£18 billion), well above the $16 billion reference point set by the New York Stock Exchange.Slack went the unusual route of a direct listing on the New York Stock Exchange on Thursday, which is different from a traditional IPO because it does not raise fresh funds. The listing is..