The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.
That does not necessarily mean Slack will open at $26 when it makes its stock market debut on Thursday. The company decided to pursue a direct listing, rather than a traditional initial public offering. This allows existing investors to sell into the public markets, but the company won't be offering shares or raising fresh capital.This is breaking news. Please check back for updates.
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