Dropbox Nasdaq IPO

25/3/2018

IPO

Value:

$ 756 million

Status:

Completed

Date:

25/3/2018

Overview:

File hosting service Dropbox has made its highly anticipated IPO.
Listed on Nasdaq, the IPO raised $756 million.
The opening price valued Dropbox at over $12 billion.
This was the largest technology sector IPO since Snap's NYSE IPO last year.
Goldman Sachs and JP Morgan Securities served as joint lead bookrunning managers.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:

Simpson Thacher & Bartlett

Party: Goldman Sachs (Joint lead bookrunner)

Party: JP Morgan Securities (Joint lead bookrunner)

Lawyer: Kevin Kennedy

Wilson Sonsini Goodrich & Rosati

Party: Dropbox (Issuer)

Lawyers: Lisa Stimmell, Rezwan Pavri, Shannon Delahaye, Tony Jeffries

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