Season 2, Episode 5: The Dropbox IPO
Acquired
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Is the Best Dropbox for Business? Yep.
Dropbox has 11 million paying users, and that's out of their 500 million. The place where they make 80% of their revenue is people using it for work. They set the initial pricing range for the IPO at $16 to $18 a share. Then they raise the range to $18 to $20 a share before they price. Ultimately price at $21 a share, which is equivalent to an $8.1 billion market cap,. A double O10.
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