Dropbox, the online file storage company, is poised to hold one of the year’s most highly awaited stock market debuts. Since then, companies have been more reserved. His firm does not have ties to the company.Dropbox appears set to join a relatively small group of “down round” initial public offerings, in which a firm’s value is lower than it was when the firm raised money privately. That group includes the meal kit delivery service Hello Fresh and the database software provider MongoDB, according to the research firm CB Insights Dropbox could still hit that $10 billion valuation over time, assuming its stock price rises after it goes public. A spokeswoman for Dropbox declined to comment.Many investors are nonetheless expected to flock to Dropbox, in a year that is likely to be busy for stock market debuts.
Source: Economic Times March 13, 2018 05:03 UTC