Students of North Penn High School in Towamencin Township tell NBC10 at least one teenage boy created a Dropbox account to share the media with others. Box Inc as its main rival.Photos and videos of naked high school girls allegedly posted on a file-sharing website and shared among teens at a Montgomery County, Pennsylvania high school are at the center of an police and school investigation. Its popular cloud storage platform has 500 million registered users and 11 million paid users and the company compete with much larger companies such as Alphabet Inc's Google, Microsoft Corp, Inc. Full-year net loss nearly halved from the $210.2 million in 2016. The company reported revenue of $1.11 billion in 2017, up from $844.8 million a year earlier. However, as a public company Dropbox will be under pressure to quickly trim its losses. The debut is being closely watched for investor appetite for highly valued young tech companies with more than $1 billion in valuation that have a robust cash flow.Ī strong debut would bode well for music streaming service Spotify - valued at roughly $19 billion in the private markets - that has also filed for a direct listing and will start trading on the New York Stock Exchange on April 3.ĭropbox is yet to turn in a profit, but that's common for startups that invest heavily in growth. The IPO values Dropbox at $9.18 billion, not far from the $10 billion valuation the company had in its last private funding round.

A jump to $25 or more would not be surprising,' said Jay Ritter, an IPO expert and professor at the University of Florida. 'Dropbox is likely to jump at the open today. Still, the strength of the IPO, which was several times oversubscribed, suggests to some that an open to the upside is likely. The S&P 500 and Nasdaq both tumbled more than 2 percent on Thursday following the Trump administration's announcement of trade tariffs on China and on the week are down more than 4 percent. equity index futures signal another rough trading session. The question is whether the hot demand that drove up its IPO price underpins a strong bid for its shares on a day when U.S. Its shares, which priced late Thursday at $21 a piece - $1 above their projected range of $18 to $20, will debut on Nasdaq sometime after the market open, trading under the ticker 'DBX.' This content is not available due to your privacy preferences.

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