![]() That’s a strong vote of confidence from the #1 cloud tech company in the world. The company will invest $100 million to BUY Dropbox stock in a private placement offering at the initial public offering price. Plus, SalesForce is putting its own money on the line. This will integrate Dropbox into existing product offerings. SalesForce (NYSE: CRM) just announced a new partnership with Dropbox. The world’s largest independent cloud computing company is taking notice. ![]() And increased pressure from Wall Street should accelerate the company’s focus on profits. The company’s “freemium” approach is great for creating an audience. I’d expect the newly public Dropbox to improve efforts to convert free users into paying members. And that would be enough to push the company to profitability. If the company were to increase that number to just 3% or 4%, we’d see a sharp increase in revenues. Only 2.2% of users currently PAY Dropbox. ![]() The large size of the user base creates a huge opportunity. The company has over 500 million users, including 11 million paying subscribers. That means even preferred clients at Goldman Sachs and J.P. ![]() Yet even that large offering isn’t going to be enough to satisfy investor interest. And the company’s market value is expected to be around $7.6 billion. The Dropbox IPO is currently “oversubscribed” – according to insiders who confidentially spoke with CNBC.ĭropbox stock offering is expected to be around $612 million. But don’t be surprised if Wall Street bankers up the ante. Shares are expected to price between $16 – $18 per share. But using a secret – 100% legal loophole – you can BUY shares before Dropbox trades on NASDAQ.ĭropbox is going to be the biggest IPO in over a year. On Friday at 9:30 am Eastern, the opening bell will ring at the NASDAQ.Ī few minutes later, Dropbox stock will OPEN for trading as “ DBX.”ĩ9.9% of investors must WAIT until then to BUY shares. ![]()
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