June 20, 2019
Latham & Watkins represented the financial advisers to Slack Technologies, Inc., in its high-profile direct listing on the New York Stock Exchange (NYSE). The shares began trading under the ticker symbol “WORK” on June 20, 2019.
Slack, a technology company that provides a hub for collaboration, is only the second large company to use the direct listing approach to become public. Spotify, also represented by Latham, was the first with its groundbreaking direct listing on the NYSE in April 2018.
New York partners Greg Rodgers and Benjamin Cohen led the Latham team that represented the financial advisers in the direct listing, with Silicon Valley associates John Williams and Michelle Lu and New York associate Brittany Ruiz.
Goldman Sachs & Co. LLC, Morgan Stanley, and Allen & Company LLC acted as financial advisers to Slack, with Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC, KeyBanc Capital Markets Inc., Canaccord Genuity LLC, and William Blair & Company, L.L.C. acting as associate financial advisers.