Dropbox IPO shares are priced at $21 — higher than expected

Recode -------- Dropbox raised $750 million ahead of an opening day of trading on Friday in an IPO that will be closely watched across Silicon Valley to gauge the health of the tech economy. Investors in the IPO bought Dropbox shares at $21. The cloud storage company on late Thursday disclosed that its shares would list at above that price on the Nasdaq on Friday, according to reports. That means it’ll have an opening non-diluted market cap of about $8.3 billion — significantly less than the company’s last private valuation of $10 billion. How the company fares — not just on opening day but in its first few quarters — should give us some indication on how highly-valued private tech companies can fare on public markets in 2018. To learn more click on the picture below to read the article.