SAN FRANCISCO--(BUSINESS WIRE)--Apr. 3, 2018--
Dropbox (NASDAQ: DBX) today announced that the underwriters of its
initial public offering exercised in full their option to purchase an
additional 5,400,000 shares of Class A common stock at the initial
public offering price of $21.00 per share, less underwriting discounts.
A total of 46,161,905 shares of common stock have now been sold in
connection with the offering, including 26,822,409 shares by Dropbox and
9,177,591 shares by selling stockholders in the initial public offering
that closed on March 27, 2018, and 4,761,905 shares by Dropbox in a
private placement to Salesforce Ventures LLC. As a result, Dropbox and
selling stockholders have received total gross proceeds of $776.7
million and $192.7 million, respectively, before deducting underwriting
fees and estimated offering expenses.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as joint
lead book-running managers. Deutsche Bank Securities, Allen & Company
LLC, BofA Merrill Lynch, RBC Capital Markets, Jefferies, and Macquarie
Capital (USA) Inc. acted as joint book-running managers. Canaccord
Genuity, JMP Securities, KeyBanc Capital Markets, and Piper Jaffray
acted as co-managers for the offering.
The offering is being made only by means of a prospectus. Copies of the
final prospectus related to the offering may be obtained from: Goldman
Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New
York, NY 10282, email: prospectus-ny@ny.email.gs.com,
telephone: 1-866-471-2526, fax: 1-212-902-9316; or J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email
at prospectus-eq_fi@jpmchase.com.
A registration statement related to these securities has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission. This press release shall not constitute an offer to sell or
a solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Dropbox
Dropbox is a leading global collaboration platform that's transforming
the way people and teams work together. With more than 500 million
registered users across 180 countries, we’re on a mission to unleash the
world’s creative energy by designing a more enlightened way of working.
Dropbox is headquartered in San Francisco, CA, and has 12 offices around
the world.
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Source: Dropbox
Dropbox
Investors:
IR@dropbox.com
or
Media:
Lin-Hua
Wu
press@dropbox.com