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Corrected: Dropbox sees IPO price between $16 and $18 per share


(Corrects to show Inc has agreed to buy $100 million of Dropbox common shares, not $1 million in the fourth paragraph)(Reuters) - Data-sharing business Dropbox Inc on Monday filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range.A series of funding rounds had valued Dropbox at $10 billion, but investment bankers were doubtful about matching that valuation.Dropbox, which plans to raise $648 million at the top end of the range, expects its debut price to be between $16 and $18 per share, ...

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First Published: Mon, March 12 2018. 22:06 IST