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Dropbox sets valuation as high as $8 billion; Announces private placement by Salesforce ahead of IPO

“Dropbox Inc. set terms for an initial public offering Monday that values the company as high as $8 billion” writes unknown author for cnbc.com. The company also announced a $100 million private placement by Salesforce Ventures.The valuation, on a fully diluted basis, is about 20 percent below the $10 billion level the company achieved in its latest private funding round in 2014.On a nondiluted basis, the company is valued around $6.7 billion, which is a closer comparison to what the company’s market capitalization will be when the shares begin trading next week.
 
Source: cnbc.com



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