Slack Is Going Public Without an IPO – How a Direct Listing Works
> In an IPO, SEC rules typically restrict shareholders from selling shares until six months after the offering. A direct offering makes it much easier for employees and early investors to cash out as soon as the first day of trading. This can be a big help for investors in companies that have waited to go public, which many of the best-known tech companies have been doing for years<p>Is it wrong to interpret this as other people expecting the bubble to pop soon and wanting to pass the bag sooner rather than later?