Finance

Current Events:  Dropbox (DBX) went public in March of this year.  Do some research and answer the following 10 questions (no more than two pages - worth 5pts total).  Review this articles as part of your research ( will send you the article) as well as your own research.

1. What was the valuation for DBX in 2014 when it first raised money from large investors?
2. Why was the value of the business slashed by 50% in 2015?
3. How much did DBX want to raise in going public?
4. Name two investment banks that were among the top underwriters for the IPO.
5. According to the filings with the SEC, what were DBX's revenues last year (2017) and what was their net loss?
6. How many shares did DBX list under the IPO and at what price?
7. What price did DBX open for on its first day of trading on the NASDAQ?
8. Did DBX raise more or less than the amount of money they intended to in #6?  How much more/less?
9. Do you think DBX going public was a good idea for the company?
10. If you purchased 100 shares at $29 per share when DBX went public, what would those shares be worth today?  How much money did you make/lose?