3 ms·
You've misunderstood what the registration is. All of the shares which Slack sold in the direct listing were registered - but the direct listing process allows
by SpicyLemonZest 3y ago
You've misunderstood what the registration is. All of the shares which Slack sold in the direct listing were registered - but the direct listing process allows employees (and other insiders) to sell their preexisting unregistered shares in the same markets.