Reference price for Slack's direct listing set at $26 per share

Reference price for Slack's direct listing set at $26 per share

Slack Technologies New York office in this undated photo released from Slack Technologies Inc, in San Francisco, California, U.S., on June 19, 2019. Courtesy Slack Technologies Inc/Handout via REUTERS

The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc’s direct listing at $26 per share.

At this price, the owner of the workplace instant messaging app is valued at around $16 billion.

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