Enterprise institute, this is 90 minutes. Good morning, everythibody. Thank you for coming. Please silence your phones if you havent already, or turn them off. One or the other. We welcome you to this Panel Discussion cosponsored by the American Enterprise institute where im from, you can tell because the name rolls off my tongue. And the Migration Policy Institute on u. S. Border crisis where we hope to generate more light than heat. A serious discussion by serious people about a complicated issue. Six weeks ago in his style, President Trump reacting to a flood of Central Americans trying to enter the United States illegally on our southern border threatened to impose sanctions on goods from mexico until our southern neighbor did more to interdict wouldbe migrants. Many complained that he was bullying an important economic partner and misusing tariff authorities. Others asked what leverage does he have to get mexico to do more to respond to a genuine migrant crisis . And they will poi
Action. E will hear from senators its tradingg in debut. 38. 50,shares opened at 48 above. At 19. 5 a cap at 19. 5 capped atcap at 19. 5 billion. Investor intz is an stephen, you were at microsoft for more than two decades, which is a slack competitor. Guys k sendoff of the off the bigfend guys. Slack is generally viewed as measures. Y a bunch of i think they are in a really great position in undergoing a phenomenal amount of change in terms of the way people work. People are looking for things that integrate more software and slack does a good job doing that. In terms of mechanics, we have a lot of questions on why they chose direct listing. Do you think we got an answer . He is able to explain that the main reason they are looking to do a direct listing is they did not want to dilute shares any further all stop they have a lot of cash and feel confident they dont need to raise any more money and doing a direct listing elastic do that. It allows you to go public and not lose shares. A
Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. 70. 1raised money at a billion dollar valuation. Slack rightwith before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. You are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having a roadshow and private rooms with investors, we
First, to our top story. Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. They raised money at a 70. 1 7. 1 billion valuation. I caught up with slack right before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. Emily you are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having
Hello and welcome to our look the last half hour with boris ahead to what the the papers will be johnson. Picking out some of things bringing us tomorrow. He said. He said the northern with me are henry zeffman, ireland question should be sorted out after an influent eight and. He Political Correspondent for the times, and Rowena Mason Deputy Political Editor says the Withdrawal Agreement is for the guardian. Many of tomorrows front dead. He is going to get some pages are already in. Alternative arrangement. After an keep calm and carry on is the front implementation period. Let start page of the metro. It shows a with the idea of an implementation picture of Boris Johnson period. Borisjohnson with the idea of an implementation period. Boris johnson has with the idea of an implementation period. Borisjohnson has been saying that the uk can leave without page of the metro. It shows a picture of borisjohnson and his a deal, without a full deal, on current girlfriend. Apparently happy tog