Dropbox Sets IPO Target Valuation at $7 Billion to $eight Billion

Google+ Pinterest LinkedIn Tumblr +

Web-storage firm Dropbox Inc. set a valuation goal between $7 billion and practically $eight billion forward of its preliminary public providing, which is ready to be one of many largest tech IPOs prior to now few years.

In a submitting Monday, the corporate mentioned it expects its shares to cost in a variety of $16 to $18. At the midpoint of that vary, based mostly on a totally diluted share rely, its valuation could be $7.four billion, properly under the $10 billion valuation the place the corporate had raised personal capital in 2014. The Dropbox IPO will search to boost…

Source link


Leave a Reply

%d bloggers like this: