The Salesforce-backed file storage platform expanded the offering after the underwriters bought an additional $113m of shares.
Dropbox, a US-based file storage platform backed by enterprise software producer Salesforce, closed its initial public offering at $869m last week after its underwriters fully took up the IPO’s over-allotment option.
The company issued an initial 26.8 million shares priced at $21 each last month, adding to almost 9.2 million shares sold by existing investors, while Salesforce paid $100m for nearly 4.8 million shares through a private placement. Its stock is currently trading at just over $32.
Goldman Sachs,…
