Mar 22, 2018 - Economy & Business

Dropbox prices IPO above range

Photo: Jaap Arriens/NurPhoto via Getty Images

Dropbox on Thursday night raised $756 million in its IPO, pricing shares at $21 (above its upwardly-revised range). This would give the file storage and sharing company a fully-diluted market value of around $9.23 billion, which is lower than where it was last valued by private-market investors.

  • Dropbox will begin trading on the NASDAQ tomorrow under ticker symbol DBX.

Why it matters: This is the highest-profile consumer tech listing since Snap early last year, although we'll also be getting Spotify in early April.

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Marisa Fernandez
11 mins ago - Politics & Policy

House will not hold votes until Sept. 14 unless stimulus deal is reached

Photo: Mandel Ngan/AFP via Getty Images

House Majority Leader Steny Hoyer (D-Md.) announced Monday that the House will not hold any floor votes until Sept. 14, though members will remain on 24-hour notice to return to Washington in case a deal on coronavirus stimulus is reached.

Why it matters: Democrats and the Trump administration remain deadlocked and have not met since negotiations broke down without a deal on Friday.

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Axios
Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 19,936,547 — Total deaths: 732,467 — Total recoveries — 12,144,510 — Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 5,063,770 — Total deaths: 163,156 — Total recoveries: 1,656,864 — Total tests: 61,792,571 — Map.
  3. Business: Richer Americans are more comfortable eating out.
  4. Public health: How America can do smarter testing.
  5. Sports: The cost of kids losing gym class — College football is on the brink.
  6. World: Europe's CDC recommends new restrictions amid "true resurgence in cases."
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Fadel Allassan
2 hours ago - Politics & Policy

Trump says he'll accept nomination at White House or Gettysburg

Trump at the 2016 Republican National Convention. Photo: Bill Clark/CQ Roll Call via Getty Images

President Trump tweeted Monday that he'll deliver his speech accepting the Republican nomination for president at either the Gettysburg battlefield in Pennsylvania or at the White House.

The state of play: Republican National Convention planners are looking for a new venue for the president to deliver his acceptance speech after convention events were canceled in Jacksonville, Fla., due to coronavirus concerns.

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