If Dropbox had priced shares at $24, it would have raised $864 million and new investors would have still seen big gains. It priced shares at $21, raising $756 million. ![]() ![]() It also means that Dropbox could have priced its shares higher and raised more money. The surge implies that Dropbox exceeded Wall Street’s expectations. And it still continues to go up.īankers price IPOs to “pop” or go up about 20 percent on the first day. Then it ultimately priced its IPO at $21, closing the day above $28. To recap, Dropbox initially hoped to price its IPO between $16 and $18, then raised it from $18 to $20. The first few days have been a strong indicator of investor demand for the cloud storage company. ![]() When it priced its IPO, there was a question as to whether Dropbox would surpass the $10 billion valuation it achieved in its last private round. The company saw its shares close at $30.45, giving the company above a $13 billion market cap, fully diluted. Dropbox’s surge on the stock market has continued, with the company going up another 7 percent on its second day on the stock market.
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