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Dropbox to IPO today Friday 23rd Mar


PandaFace

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Looks like we're going to see Dropbox IPO today at $21 a share, however this seems to be an increase on the expectation given strong demand. Are we in the whole tech bubble 3.0 now? First the original, then the social media, now the older longer term players looking to get listed before the impending doom of a market correction?

 

This puts Dropbox at 9.2bn. I'm already forecasting the medias glee at the puns when it's stock price 'drops'.

 

IPO set to raise $750 million, with nearly 200 mil going to company founders and early investors... someone is gonna be getting a good summer holiday this year.

 

According to the FT reported revenue of $1.1bn last year but they're in a tough field with AWS, Google, Apple etc.

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