The SEC is probing the listings of Slack and other so-called unicorns on the New York Stock Exchange over several years, people familiar with the matter say
The Securities and Exchange Commission is investigating the listings of Slack Technologies Inc. and other major companies on the New York Stock Exchange, in a probe looking at how trading was handled on the first day, people familiar with the situation said.
SEC enforcement staff have recently sent letters including one seeking information from electronic-trading firm Citadel Securities LLC related to how it opened Slack’s stock for trading on June 20 in the workplace-messaging app’s so-called direct listing, the people said....
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