Asked by: Hasmik Ramiroasked in category: General Last Updated: 14th January, 2020
When did Dropbox become public?
Also asked, is Dropbox a IPO?
Dropbox priced its IPO above expectations at $21 per share on Thursday night, setting the stage for the software company's stock to hit the public market on Friday. Dropbox, which raised $756 million in the largest tech IPO since Snap last year, will trade on the Nasdaq under the ticker “DBX.”
Likewise, will Dropbox get acquired? We believe that Microsoft could profitably acquire Dropbox for as much as $17 billion. We arrive at Microsoft's maximum acquisition value for Dropbox in three simple steps: Step 1: To begin with, we estimate the increase in Microsoft's revenues for 2018 if it integrates Dropbox.
Also to know is, what was Dropbox IPO price?
Shares have underperformed Though Dropbox stock soared 36% on its first day of trading, shares have since pulled back sharply. In fact, the stock -- at $22.26 as of Wednesday's market close -- now trades only 6% higher than its IPO price of $21. That compares to an 11% gain for the S&P 500 over the same timeframe.
Can Dropbox survive?
It's not dead, but it hit a dead end. Google and Microsoft are leaders — growing players — that are hard to beat. Dropbox does poorly with audio and video, and only offer a pathetic 1 TB of storage option. Microsoft offers more storage, integrates with other services (Office 365), etc.