Dropbox sets its value at $7 billion
|Dropbox sets its value at $ 7 billion|
DropBox put its share price at the time of its IPO for 16$-$18, which would make the company worth $7 billion.
The company's shares are expected to be listed for trading starting next week. Dropbox will receive $742 million in new financing.
Dropbox had reached $10 billion after a financing round in 2014. Its revenue last year was $1.1 billion, but its net loss was $111 million, although it had 11 million paid subscribers and more than 500 million subscribers registered.
Thus, the value of the company has fallen, which draws attention to the difficulties faced by emerging companies to exit investors and founders, whether through the IPO or the acquisition.