Lock-Up Period: Company and Funding Round

lock-up period: The fully diluted valuation is even higher. ; That's a huge increase from Slack's last private funding round in August, which valued the company at 7.1 billion, according to The Japan Times. Thursday's debut makes Slack the second-most valuable technology company to reach U.S. markets this year, topped only by Uber Technologies Inc. 75 billion value and bypassing Lyft Inc. at 18 billion. By 2 48 p.m. the stock was trading at 40.60, giving the company a market value of 20.6 billion. Slack, which makes software for workers to chat and collaborate on projects, directly listed its shares on the New York Stock Exchange, bypassing the usual fundraising process of an IPO and allowing shareholders to sell right away without a lock-up period. Since then, Spotify's stock is up 14 percent from its reference price. A parallel for this unusual type of stock listing is Spotify Technology SA. The music-streaming provider went public using a similar maneuver last year the last high-profile company to do so. (news.financializer.com). As reported in the news.