Dropbox I.P.O. Could Value Company at More Than $7 Billion
- 6 years ago
Dropbox I.P.O. Could Value Company at More Than $7 Billion
By Michael J. de la Merced
Dropbox, the online file storage company, said on Monday
that it hoped to raise as much as $648 million in its forthcoming stock market debut, setting up the final stage along its path to becoming the next big publicly traded Silicon Valley darling.
Investors, analysts and — perhaps most importantly — other big privately held tech companies will be closely watching
Dropbox’s initial public offering to see how interested investors are in the latest batch of so-called unicorns.
The market for initial offerings this year is already proving robust, with 29 I. P.O.s having been held
so far, up 61 percent from the same time last year, according to the advisory firm Renaissance Capital.
Dropbox is likely to begin trading on the Nasdaq stock market — under the ticker symbol “DBX” — by the end of next week
As part of the initial offering, Salesforce’s venture arm has agreed to buy $100 million worth of Dropbox stock, Dropbox said in its prospectus.
By Michael J. de la Merced
Dropbox, the online file storage company, said on Monday
that it hoped to raise as much as $648 million in its forthcoming stock market debut, setting up the final stage along its path to becoming the next big publicly traded Silicon Valley darling.
Investors, analysts and — perhaps most importantly — other big privately held tech companies will be closely watching
Dropbox’s initial public offering to see how interested investors are in the latest batch of so-called unicorns.
The market for initial offerings this year is already proving robust, with 29 I. P.O.s having been held
so far, up 61 percent from the same time last year, according to the advisory firm Renaissance Capital.
Dropbox is likely to begin trading on the Nasdaq stock market — under the ticker symbol “DBX” — by the end of next week
As part of the initial offering, Salesforce’s venture arm has agreed to buy $100 million worth of Dropbox stock, Dropbox said in its prospectus.