Dropbox IPO: Shares soar in stock-market debut, pulling valuation above $10 billion – Los Angeles Times

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Increasing the marketed share price range, as Dropbox did Wednesday, is an unusual move for large technology IPOs. Although more than $12 billion in stock has been sold in U.S. listings this year, up by a third from the same period in 2017, technology companies have been largely absent, according to data compiled by Bloomberg. Cloud-security company Zscaler Inc. was the only notable IPO out of Silicon Valley, raising $221 million this month.

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