Dropbox said it plans to list 36 million shares in its upcoming IPO

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Dropbox announced in a filing on Monday that it plans to list 36 million shares when it goes public later this year.

The company said in its filing that it estimates the price of each of those shares between $16 and $18.

The company filed for its IPO in February, and said that it plans to trade on the Nasdaq under the ticker symbol DBX.

Dropbox's S-1 form Dropbox that it filed with the Securities and Exchange Commission showed that it lost $111 million on revenue of $1.1 billion last year.

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Contributer : Tech Insider http://ift.tt/2FvNx4I
Dropbox said it plans to list 36 million shares in its upcoming IPO Dropbox said it plans to list 36 million shares in its upcoming IPO Reviewed by mimisabreena on Monday, March 12, 2018 Rating: 5

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