Announcer tonight on late night with Seth Meyers Michael Keaton chat and music from haim an allnew closer look, featuring the 8g band with Todd Sucherman and now, Seth Meyers Seth good evening, im seth meyers and this is late night. How is everybody doing tonight glad to hear it. Lets get to the news. President trump and former Vice President joe biden faced off in their second and final debate moderated by nbc News White House correspondent Kristen Welker or just as likely between President Trump and Kristen Welker and moderated by joe biden. All right, come on, guys. Thats right, the last president ial debate was held tonight. Now we filmed this before the debate so we dont know what happened we dont even know if it happened maybe trump walked out 15 minutes after it started and now hes promising to release the unaired footage of the rest of the debate. Maybe it was canceled because he tested positive for rickets. Truly, anything could be on the table, including trump ahead of tonigh
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 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 a ro
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
Are the Market Leader because we have matured aggressively and are solving real problems for real customers. Moneygram is a manifestation of that and the secondlargest global remittance company. We have a big impact with one customer and one partner. Emily Western Union has tested ripple to use for its network but said it is more expensive. Is moneygram saving money by using ripple . Western union said they have been around for decades and they said in our beta time, when the product had not launched, that we match the efficiency of what they were optimized. My view was they spent decades getting to an efficiency that we matched with a beta product. So i was pleased Western Union said we are already as good as the decades they have invested in building out the capability. With moneygram, we know out of the gates we can make their system much more efficient because today Western Union and moneygram prefund accounts throughout the world so they can make payments. Moneygram and Western Un