Dropbox sets IPO price range of $16 to $18 per share for possible $7 billion valuation

“Those shares will be sold at the final IPO price and will be subject to a lockup period” writes Chris O’brien for The San Francisco-based company reported $1.1 billion in revenue last year, with a net loss of $111 million.As is common, it did not offer a price range or possible valuation for the IPO, which is expected to take place next week.

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