Wake up to Mike Allen’s AM, the 10 stories driving your day

Stories

Dropbox sets IPO terms

Photo by Jaap Arriens/NurPhoto via Getty Images

File storage and sharing company Dropbox on Monday disclosed terms for its upcoming IPO.

  • Share details: 36 million being offered at between $16 and $18 a piece.
  • Valuation: At the high end of its range, Dropbox would have a fully-diluted value of $7.9 billion (or $9.9 billion, if including of shares reserved for future equity compensation). That's below the reported $10 billion that it most recently received from private investors.
More stories loading.