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Dropbox increases IPO price range by USD 2

Wednesday 21 March 2018 | 14:34 CET | News
Dropbox has raised the price range for its initial public offering of shares to USD 18-20 per share from USD 16-18, following strong demand for the share sale. This increases net proceeds for the company from the offering to USD 580 million at the midpoint of the range, or USD 678 million if the over-allotment option is exercised. The amount of shares to be sold is unchanged from the original prospectus. 

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Categories: Internet
Companies: Dropbox
Countries: World
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