Slack to take unusual route to public markets, likely valuing it around $16 billion
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NEW YORK (Reuters) - Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion (£12.6 billion), according to a person familiar with the matter. The so-called direct listing, which differs from a traditional IPO in that it does not raise fresh funds, will put on trial a method pioneered last year by music streaming business..