- Dropbox has set its open offering share cost at $21, as indicated by The Wall Street Journal.
- The value, which was over the organization’s already estimate extend, gives the organization a valuation of $9.2 billion.
- Indeed, even with solid financial specialist request, the cost wasn’t sufficient to enable the organization’s valuation to coordinate the $10 billion it was esteemed at in its last private subsidizing round.
- The organization raised an expected $563 million and insiders another $193 million in the advertising.
Dropbox has set its open offering share cost at $21, as indicated by The Wall Street Journal.
The value, which was over the organization’s beforehand figure extend, gives the organization a valuation of $9.2 billion.
Indeed, even with solid financial specialist request, the cost wasn’t sufficient to enable the organization’s valuation to coordinate the $10 billion it was esteemed at in its last private subsidizing round.
The organization raised an expected $563 million and insiders another $193 million in the advertising.
Dropbox is relied upon to start exchanging Friday under the ticker image DBX. The organization will have a double class stock structure that gives outsized energy to specific insiders. Houston, for instance, will hold around 24% of the organization’s voting power after the advertising.
Original article by Becky Peterson