After Slack, the IPO market might never be the same

The traditional initial public offering has lost its luster in Silicon Valley. Startups awash in billions of venture capital are pushing off the day as long as possible. Venture capitalists lament the “broken” IPO process. The average time for US technology companies to go public has risen from four years in 1999 to more than 11 years nowadays.
Read more here: https://qz.com/1642378/slacks-direct-listing-may-render-the-ipo-obsolete/