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 yearsIs it wrong to interpret this as other people expecting the bubble to pop soon and wanting to pass the bag sooner rather than later?