Silicon Valley Exhales: Dropbox Shares Jump More Than 40% In High-Demand IPO
Alex Konrad, FORBES STAFF
Covering venture capital, software and startups
Dropbox made everyone wait. But its shares are now trading on the public markets after one of the most hotly-anticipated public offerings for a technology company in months.
Two hours after CEO Drew Houston and cofounder Arash Ferdowsi rang the opening bell at Nasdaq and after long minutes of the company’s executives milling around Nasdaq’s MarketSite center in Times Square in New York, Dropbox finally opened for trading at 11:35 ET as Houston grabbed a glass of champagne for a longer-than anticipated toast.