The silhouette of Drew Houston, chief executive officer and co-founder of Dropbox Inc., is seen walking on stage during an event in San Francisco, California, U.S., on Monday, Jan. 30, 2017. Dropbox announced today that they are releasing Smart Sync, a tool which lets users access terabytes of data without downloading it to their desktop so the information can be viewed on laptops with limited memory. Photographer: David Paul Morris/Bloomberg

ISSUE – Mar. 12 | Dropbox sets IPO range $16-18, valuing it below $10B, as Salesforce ponies up $100M

After announcing an IPO in February, today Dropbox updated its S-1 filing with pricing. The cloud services and storage company said that it expects to price its IPO at between $16 and $18 per share when it sells 36,000,000 shares to raise $648 million as “DBX” on the Nasdaq exchange.
[ Tech Crunch ]

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