Dropbox IPO valuation set between $7bn and $8bn
by Dominic Rushe in New York from Technology | The Guardian on (#3HZA8)
The cloud storage company set the pricing well below the $10bn valuation when the company had raised private capital in 2014
The silver lining appears to be coming off Dropbox, the cloud storage company set to go public next week.
On Monday, the company set terms for its initial public offering (IPO) that values the company at between $7bn and $8bn - well below the $10bn valuation when the company had raised private capital in 2014.
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