![]() “If investors had bought Dropbox stock within the last six months, they’d be up over 75 per cent. “The strong performance of the Dropbox IPO may open the door for more technology unicorns to IPO throughout the rest of 2018,” said Sohail Prasad, co-founder and co-CEO of Equidate, a platform for trading of shares in private technology firms. Full-year net loss nearly halved from the $210.2 million in 2016. The 11-year old company reported revenue of $1.11 billion in 2017, up from US$844.8 million a year earlier. However, as a public company Dropbox will be under pressure to quickly trim its losses. It has yet to turn a profit, but that’s common for startups that invest heavily in their growth. The San Francisco-based company, which started as a free service to share and store photos, music and other large files, competes with much larger technology firms such as Alphabet Inc’s Google, Microsoft Corp and Inc and also with Box Inc. “But at the same time the environment is also competitive.” 4 years ago With investors rushing to buy into the biggest technology initial public offering (IPO) in over a year, Dropbox shares surged as much as 50 on their first day of trading today. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM). This advertisement has not loaded yet, but your article continues below. The stock price for Rubrik will be known as it becomes public.
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