![]() Dropbox is set to be valued at between 7bn and 7.9bn in its initial public offering. ![]() Thanks to Silicon Valley Bank for being our banner sponsor for Acquired Season 6. We’ll send you a myFT Daily Digest email rounding up the latest US & Canadian companies news every morning.We have five honorable mentions that didn’t make our Top Ten list.Such a ‘pop’ on the first day of trading has come to be expected. It is obviously subject to change going forward from both future and past acquisition performance, as well as fluctuating stock prices. Dropbox’s share price climbed to an intraday high of 31.60 before closing at 28.48, up 35.6 percent from its IPO price. The company will trade under the ticker DBX on the Nasdaq. This ranking represents a point in time in history, March 2, 2020. At the time of the Dropbox IPO, the stock sold for 21 per share.This was 1 over the projected range of 18 to 20, and the event was oversubscribed by several. Dropbox, the leading cloud storage and collaboration platform, filed for a 500M IPO with Goldman Sachs leading the offering.If we made an assumption not disclosed by the parent company, we linked to the source of the reported assumption. Spotify, the world’s largest music streaming service, made its debut on the New York Stock Market this morning with its reference price initially set at 132 a share, and trades opening at 165.90. All underlying assumptions are based on public financial disclosures unless stated otherwise. ![]() We recognize this analysis is flawed (cashflow/profit multiples are better, at least for mature companies), but given the opacity of most companies’ business unit reporting, this was the only way to apply a consistent and straightforward approach to each deal. Dropbox ended the day of trading, under the ticker symbol DBX, with a market valuation of. Now that Dropbox has taken the plunge, lets dive into the. Another factor supporting speculation that Dropbox would IPO ahead of its private-market peers is the 600 million credit line it secured last March, as taking on big debt is common for companies prepping for a public offering. If you have any examples you think we missed ping us on Slack or email at: We used revenue multiples to estimate the current value of the acquired company, multiplying its current estimated revenue by the market cap-to-revenue multiple of the parent company’s stock. The successful performance makes Dropbox the biggest tech IPO since Snapchat’s in March 2017. By that measure, Dropbox is well past due to go public.
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