mayansa.blogg.se

Dropbox stock ipo
Dropbox stock ipo





For one, it had the Salesforce investment as an anchor for the shares. But Dropbox’s successful IPO in such a volatile market could also be unique given a combination of factors.

dropbox stock ipo

Investors are looking for better opportunities for returns in such an uncertain environment, and IPOs, including potential further price rises in weeks and months after the initial offering, could provide that.

dropbox stock ipo

But there are also many smaller, more business-oriented companies, such as cybersecurity software provider Tenable Network Security Inc., which Reuters Thursday reported had hired investment bank Morgan Stanley for a possible fall IPO. “ There’s certainly more revenue-stage companies that are still private looking at when to go public,” said Matt Murphy, a partner with the venture capital firm Menlo Ventures.Īmong them are Spotify AB, which is expected to make its initial offering about April 3. saw its shares more than double in its IPO last week - is just starting. Indeed, some observers think that thaw, fueled by the success of the relatively few IPOs last year and so far this year - cloud security firm Zscaler Inc. The warm reception, even in the face of a 724-point or 3 percent plunge in the Dow Jones Industrial Average Thursday, could thaw a multiyear deep freeze in technology IPOs. Ackerman Jr., founder and managing partner of the venture capital firm AllegisCyber. That now tops the $10 billion the company commanded in 2014 from private investors. “It’s a good sign,” said Robert R. It’s the largest offering in the tech industry since Snap Inc.’s IPO last year.ĭropbox’s valuation swelled from $9.2 billion at the offering price to more than $11 billion by the end of trading today. The long-awaited IPO raised $756 million for the company, which competes with a wide range of storage service providers such as publicly held Box Inc., Google LLC and Apple Inc., comes on top of a recent $100 million investment through a private placement by Inc. Shares opened trading this morning at $29 a share after Dropbox priced its IPO Thursday afternoon at $21 a share, above an already higher range of $18 to $20 a share it announced only Wednesday.

dropbox stock ipo

saw its shares jump 36 percent today in the company’s first day of trading after its initial public offering of stock. File storage and collaboration service Dropbox Inc.







Dropbox stock ipo