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Categories: Dropbox Salesforce

@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)

https://www.google.com/amp/s/seekingalpha.com/amp/news/3338241-dropbox-ipo-8b-valuation-private-placement-salesforce

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