Dropbox sets IPO price at USD 21 per share

News Broadband Global 23 MAR 2018
Dropbox sets IPO price at USD 21 per share

Dropbox has priced its initial public offering of shares to USD 21 per share. This is another increase for the price, which was recently lifted to USD 18-20 per share from USD 16-18, following strong demand. Gross proceeds are now estimated at USD 756 million, without the greenshoe. 

The company and its shareholders will be selling 36 million shares to the public, with a greenshoe of up to 5.4 million more. The shares will started trading on the Nasdaq Global Select Market on 23 March. The offering is expected to close on 27 March.

Categories:

Internet

Companies:

Dropbox

Regions:

Global

Tags:

Storage, Corporate strategy, Financial funding

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