1. Inside Slack's Direct Listing; State Street Goes toe-to-toe with BlackRock

    Inside Slack's Direct Listing; State Street Goes toe-to-toe with BlackRock

    Dear readers,

    Slack's non-IPO was no doubt the big story of the week, with its success leading some to predict the market could soon see many more direct listings.

    Colin Stewart, Morgan Stanley's lead banker on Slack's public debut, told Bloomberg we could see as many as five direct listings in 2020. To put that into context, the only two high profile direct listings in the last two years have been Slack and Spotify...

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