Valeska Pederson Hintz was quoted in the Forbes* article "A Slack Direct Listing Could Tempt Other Tech Unicorns—But It’s Unlikely To Challenge The Traditional IPO," regarding Slack, a work-messaging tech unicorn, and the company’s plan to forego a traditional initial public offering (IPO) in favor of a direct listing this year.

The article describes this as an unconventional move that could encourage other tech unicorn companies to consider a direct listing in lieu of an IPO, though this isn’t likely to become a mainstream trend. Valeska suggests that large tech unicorns are uniquely positioned to take advantage of a direct listing for their market debut because they are often well-capitalized and have brand recognition.

*Subscription required.