Investors - and private companies considering a similar path to the public markets - will be closely watching the reception to the debut. But the two biggest, Uber and Lyft, are trading below their IPO prices. has risen about 50%, and Zoom Video Communications Inc. This year is on track to be the busiest for public listings in more than a decade. Earlier that morning, he rang the opening bell, and posted photos on social media, writing, “Got a little cold, but everything is allll right.” “Giving employees the option early is more important.”īutterfield was at the New York Stock Exchange, which was festooned with a Slack banner that read “Your work is our work,” and where a band outside played jazz for the occasion. “Especially in a period when you’re locked up, when the supply is so constrained, the psychological impact of that can be a big negative,” he said.
Butterfield said he also wanted to avoid the lockup period.
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