Dropbox has priced its public offering at $21 — above the range it set on Wednesday

Dropbox has priced its public offering at $21 — above the range it set on Wednesday

  • Dropbox has set its public offering share price at $21, according to The Wall Street Journal.
  • This is above the $18 to $20 range the company filed with the Securities and Exchange Commission on Wednesday. 
  • That gives the San Francisco-based file sharing company an $8.24 billion valuation.
  • Dropbox initially set its price range from $16 to $18 on March 12, before raising its price again on Wednesday due to investor interest. 
  • Dropbox is expected to begin trading on Friday at the NASDAQ under the ticker “DBX.”

SEE ALSO: Salesforce’s $100 million Dropbox investment, on the eve of the IPO, could signal an acquisition

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