@Dropbox (Pending:DBX) files an amended S-1 that sets a $16 to $18 per share price for the IPO, which puts the value between $7B and $7.9B. Dropbox was valued at $10B during its last private funding round, a roughly 20% downside to the IPO valuation. The range gives Dropbox a market cap around $6.7B. But the addition of restricted stock and options puts the fully diluted value higher than that market cap. @Salesforce Ventures (NYSE:CRM) agrees to purchase $100M of common stock in a private placement at a per share price equal to the IPO price. Previously: Dropbox files for $500M IPO (Feb. 23) Previously: Dropbox and Salesforce deepen partnership (March 9)
No comments:
Post a Comment