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Slack's 7 biggest shareholders and their IPO treasure trove

Slack’s public offering launched Thursday with an opening price of $31.50 per share.

Realtors, financial advisers and luxury car sales reps looking to ride the coattails of the latest bumper crop of nouveau riche may want to turn their attention to Slack Technologies and its public debut this week.

Slack’s (NYSE: WORK) public offering, which launched Thursday with an opening price of $31.50 per share, generated a total of $23.3 billion in value for the company’s seven largest shareholders, according to a CB Insights report.

San Francisco-based workplace-messaging company Slack counts its 1,664 employees and investors as its largest investor, holding a third of its stake. And for this group, whether they are employees or investors, those who were hired or invested early on in the company’s 10-year history were given stock options or landed an investment at a far lower price than what would be available in Slack’s later years. These early employees and investors stand to reap larger gains when they cash in.

Last year, Slack announced plans to open a massive Denver office in LoDo that would be home to about 550 employees.

Read more at the Denver Business Journal

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