Dropbox Shares Being Sold at a 34% Discount

Dropbox, the cloud storage company, has reportedly authorized a sale of its shares at a 34% discount to its most recent fundraising round.  Shareholders are set to sell the shares on the secondary market at $12.60 each, down from the $19.10 price tag just two years ago.  Dropbox last raised $250m at a $10bn valuation in January of 2014.  Investors in the company include Sequoia Capital, Accel Partners, Goldman Sachs, Benchmark Capital, Greylock Partners, RIT Capital Partners and Valiant Capital Partners.

Dropbox is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 101 companies organized by investment theme.