On: Slack Closes $250M Funding Round at $5B Valuation

[ringaroundthetx]

oh look at that, 5% of the float is dictating the entire valuation. Might be a new low for Silicon Valley, by low I mean percent of cash raised to made-up-on-the-spot valuation.

If they want to go public and keep that valuation with that constricted of a supply, S&P/Nasdaqs/NYSE won't list you, but Hong Kong will love you, alongside the other 1% float unicorns.

[chopete → ringaroundthetx]

>> S&P/Nasdaqs/NYSE won't list you Whats the cut off?. Is there a link you can suggest to read more about % of cash raised/valuation?

[ringaroundthetx → chopete]

They all have minimum listing criteria that you can find, a private industry solution to curb what they considered abuses.