The strong expected demand shows not all tech companies have been hit by the events of this week, when big players, especially in social media, have seen their shares dive following reports that a data analysis firm hired by Donald Trump's presidential campaign misused personal information of some 50 million Facebook users.ĭropbox also plans a $100 million stock sale to the venture capital arm of Salesforce, according to the filing.ĭropbox is one of a number of tech firms centered around the internet "cloud," allowing users to store data for remote access by any internet-linked devices. Shares will trade under the "DBX" ticker. Dropbox now expects to price its shares between $18 and $20, according to a securities filing Wednesday, up from the $16 to $18 estimated earlier this month.Īt that price, the transaction could value the company at $7.85 billion.Ī final price will be set Thursday ahead of Friday's stock-trading debut.
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