Slack (WORK.NYSE) went public in a direct listing on the NYSE which saw shares jump nearly 50% by end of trading to settle at USD$38.62 per share by the time the bell rung.
Wall Street has thrown considerable weight behind this transaction, but is this a case of the emperor wearing no clothes, does Slack’s intrinsic value and future potential match up to its valuation when the company still operates at a huge loss?
In this episode, Equity.Guru’s own Ethan Reyes pieces apart the company, its public market debut and the sector it intends to dominate.
With weed stocks in recession, investors are looking for new opportunities, is this an option?
Listen in!