The file storage cloud platform Dropbox floated above the original range it had set in an oversubscribed IPO which valued it at over $8bn.
US-based collaboration and data storage platform Dropbox went public in a $756m IPO, which took place on the Nasdaq Global Select Market. The company issued 36 million shares that were priced at $21 each, giving it a total market capitalization of $8.22bn. Dropbox had reportedly upped its price range from $16 to $18 per share, to $18 to $20.
The flotation came after Dropbox had raised $600m in equity funding as well as $1.1bn in debt financing. In one of…
