Browsing: Slack

Stop me if you’ve heard this one before. News leaks that enterprise software giant Salesforce.com is interested in acquiring a trendy tech company. Then its stock falls 5%, erasing billions of market value. Ring any bells?

A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack Technologies took a different route, and saw its shares soar as it went public without an IPO.