A rich premium even for a sound businessĭropbox has the premier content platform in cloud-based storage. The price was marked down to $13.02 as of October, which was up from $11.03 a year earlier.Dropbox dropped the ball on investor expectations this year. USAA, whose Science & Technology Fund bought shares in Dropbox in 2012, valued them at $19.10 in April 2015. Principal's LargeCap Growth Fund I valued Dropbox shares at $19.10 in April 2015 after buying them in 2014, and they were down 33 percent to $12.79 at the end of October. One year later the price fell to $19.10, and most recently it was down to $16.20. Hartford Funds' Capital Appreciation Fund, which invested in Dropbox in 2014, priced the shares at $19.84 in October 2015. But that's up from $10.05 per share at the end of 2016. The stock was pegged at $12.58 at the end of September. GSV Capital, which got in Dropbox's series A-1 round, prices its shares 45 percent below where they were in mid-2015. While at the end of July, the price was down 30 percent from early 2015, at $13.40, it was up from $11.10 a year earlier. BlackRock's global allocation fund got its stake in Dropbox in the company's January 2014 funding round.įidelity's Small Cap Growth K6 Fund has held stock in Dropbox since 2012. Here's a rundown of some investment firms that have changed how they value Dropbox:īlackRock estimated that its shares in Dropbox were worth $18.23 each as of April 2015, but two and a half years later, at the end of October 2017, they were down 27 percent to $13.30. "That would be the key argument that they would want to make to deserve a premium valuation, as opposed to many other cash-burning unicorns." "The bigger part of the story they would probably be looking to tell is they do not need a capital influx, given their financial profile," Kulkarni said.
He estimates that the company generated about $1 billion in revenue last year, with 25 percent growth and close to two-thirds of sales coming from enterprises. Personal Loans for 670 Credit Score or LowerĪfter going public, Dropbox could wind up with a market cap below or equal to its $10 billion private valuation from 2014, said Rohit Kulkarni, managing director for private investment research at SharesPost. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 kommentar(er)
