[ad_1] Dropbox Inc’s shares soared by as much as 50 per cent in their first day of trading on Friday as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider tech sector languished. The stock opened at US$29 on the Nasdaq and shot up…
[ad_1] Silicon Valley darling Dropbox Inc. is aiming to go public at a valuation well below the US$10 billion it clocked in its last private funding round, despite posting healthy revenue growth and turning cash-flow positive in the intervening four years. The file-sharing company is targeting a public market capitalization of US$6.3 billion to US$7.1…
[ad_1] LONDON/STOCKHOLM — Private trades in Spotify shares are valuing the music streaming company at about US$16 billion, according to people familiar with the deals, raising the prospect of a bumper flotation next year. That is around US$3 billion higher than in similar trades up until June, the people said, adding strong demand for the…
[ad_1] Snap, the Snapchat parent, closed the day down just 1% Monday after the first phase of the dreaded lockup expiration, which meant that some insiders are now eligible to sell shares. The anticipation of a big selloff had been putting downward pressure on the stock for weeks, but it appears that enough of that fear was…