Dropbox Inc. priced its initial public offering above the already increased price range it gave investors earlier this week, a sign of the strong demand for the stock. The offering priced at $21, topping the boosted range of $18 to $20 the data-storage and collaboration company had given earlier this week. Initially, the company had set a range of $16 to $18 for the shares when it kicked off its meetings with investors last week.

Source: Wall Street Journal March 22, 2018 21:04 UTC