Dropbox Set to Go with IPO

Epic Games shows off amazing real-time digital human with Siren demo

Dropbox is trading on the Nasdaq with the ticker DBX.

The cloud-storage specialist, which made an initial public offering of 36 million Class A shares, was looking to raise $756 million through the IPO.

The bump comes on another weak day for the overall stock market, as well, after someone forgot to take President Trump's iPhone away from him and he suggested on Twitter that he might veto the omnibus spending bill now awaiting his signature to avoid a government shutdown. The S&P 500 dropped by 1.8% over the same period, while Nasdaq fell by 2.4%.

China signals it could ease treasury buying to counter Trump
The administration said it would target imports from Chinese makers of machinery and aerospace and communications equipment. Trade Representative's office said Trump's action was in response to "unfair and harmful acquisition of U.S. technology".

While the shares popped on their first day, the company's biggest challenge going forward will be converting more of its free users into paying customers.

The cloud storage company's IPO has been highly anticipated despite an especially challenging week for tech stocks after Facebook's recent data scandal.

Houston, 35, already a billionaire ahead of the initial public offering, saw his fortune swell US$760 million to $2.6 billion as Dropbox shares advanced 43 per cent to US$30 at 12:58 p.m.in NY, and earlier climbed as high as US$31.60.

Uber's driverless cars said to lag behind competitors
Waymo and Cruise, a self-driving vehicle company owned by GM, reported their "intervention" numbers to California regulators. He noted both the Tempe police and the National Transportation Safety Board is investigating.

Streaming music leader Spotify Technology SA is scheduled to do a direct listing of shares on the New York Stock Exchange on April 3. And given how many analysts, reporters and other CEOs are closely watching Dropbox's performance, it theoretically should make people fear public markets a little bit less. It has an attractive story to justify its need for financing and the market dynamics are good.

The company will also use this time in the limelight to inform users of its different functions. It competes with smaller rival Box Inc., which went public two years ago, as well as technology behemoths Google, Microsoft and Amazon.

Dropbox is yet to turn in a profit, but that's common for startups that invest heavily in growth. As a public company Dropbox will be under pressure to quickly trim its losses. Its full-year net loss almost halved from the $210.2 million in 2016.

Spain draw shows Joachim Loew areas for Germany improvement
His return is good news for Lopetegui's team, one of the title contenders at the World Cup in Russian Federation starting in June. But as Germany gradually gained control the hosts levelled in stunning fashion in the 35th minute.

Related news:

Hot News

isis-killer-beheading-video-story-top People all over the world march against gun violence
Mar 26, 2018 - 02:30
They predict a half-million demonstrators Saturday near the U.S. The street will remain open to normal traffic. Capitol building for a several-hour rally.

isis-killer-beheading-video-story-top Cambridge Analytica raided as privacy catastrophe unfurls
Mar 26, 2018 - 02:30
In a statement Friday, the company reiterated its previous claims that it did not use any of the data during its work for Trump. The regulator said it will "consider the evidence before deciding the next steps and coming to any conclusions".

isis-killer-beheading-video-story-top Facebook expects more data abuses will be discovered
Mar 26, 2018 - 02:27
Mr Zuckerberg said he was "really sorry" for the "major breach of trust" and pledged to work to prevent data from being misused in future.

isis-killer-beheading-video-story-top Parker Mocks Joshua's Weight, Promises To Surprise World Champion
Mar 26, 2018 - 02:27
Coverage of the fight kicks off at 6pm live on Saturday 31st March on Sky Sports Box Office , with the bout set to start at 10pm. The New Zealander is also unbeaten with 18 knock-outs in 24 wins and has declared he will expose Joshua's weaknesses.

isis-killer-beheading-video-story-top Anthony Joshua Reveals The Bet He Played On Dillian Whyte Last Night
Mar 26, 2018 - 02:11
Whyte, who made a first defence of his secondary WBC Silver title against Australian Browne (25-1, 22 KOs), wants Wilder next. Whyte's emphatic victory over the previously unbeaten Browne took his record to 23 wins from 24 fights.

isis-killer-beheading-video-story-top 'Black Panther' Is the Top Grossing Superhero Movie Ever
Mar 25, 2018 - 01:43
When tickets went on sale recently, the film broke the ticket presales record previously set by Black Panther in just six hours. Black Panther's box office success is all the more noteworthy in the context of the Marvel blockbuster it is poised to unseat.

isis-killer-beheading-video-story-top Toys 'R' Us champion Larian steps forward with $100 million
Mar 25, 2018 - 01:43
Can I return items I buy during the closing sales? Toys "R" Us has a store on Wiley Boulevard SW in Cedar Rapids. I'm not even kidding you. "I'm very hopeful" about salvaging hundreds of the stores, Larian said.

isis-killer-beheading-video-story-top President Trump says administration will ban bump stock devices
Mar 25, 2018 - 01:42
Another review conducted by ATF officials past year concluded that bump stocks could only be banned by an act of Congress. The Justice Department's regulation Friday acknowledges the 2017 decision, saying , "Between 2008 and 2017".

isis-killer-beheading-video-story-top How Netflix Is Responding to 13 Reasons Why Backlash for Season 2
Mar 25, 2018 - 01:40
On Wednesday, Netflix shared video content on how the show has helped some viewers get through hard circumstances. Instead it "emboldens" them to believe the show is playing a role in critical conversations.

isis-killer-beheading-video-story-top FSU Basketball NCAA Tournament Elite Eight Preview: vs. MI
Mar 25, 2018 - 01:40
That's because it held Kentucky to 58 points on 38 percent shooting - including 25 percent from the 3-point line. While it has served as its biggest asset, Florida State's depth could be an issue against MI .

isis-killer-beheading-video-story-top Palestinian Ahed Tamimi Accepts Prison Term Plea Deal
Mar 25, 2018 - 01:40
Nariman Tamimi was arrested later that day, while Ahed's cousin, Nour Tamimi, was arrested the following morning. Plus, no-one, Palestinian or Israeli, really believes Tamimi will not continue the fight once she returns home.

isis-killer-beheading-video-story-top Karen McDougal Finally Opens Up About Affair with Donald Trump
Mar 25, 2018 - 01:24
Trump's attorney, Michael Cohen, was secretly involved in her discussions with the tabloid's parent company, American Media, Inc. She said they spoke about almost everything including Donald's son Baron. "I was yeah", McDougal replied.

isis-killer-beheading-video-story-top Europeans promise more steps against Russian Federation over United Kingdom spy…
Mar 24, 2018 - 16:38
The Kremlin still denies responsibility for the incident in Salisbury, which left Sergei and Yulia Skripal critically ill. Danish Prime Minister Lars Lokke Rasmussen said his government heard the "strong signal" from the bloc's leaders.

isis-killer-beheading-video-story-top Nissan aims to sell one million electric vehicles annually by 2022
Mar 24, 2018 - 16:37
The plan also talks about company's plans on driving systems, vehicle connectivity and autonomous driving technology. The company is also targeting an 8% core operating profit margin and cumulative free cash flow of 2.5 trillion yen.

isis-killer-beheading-video-story-top Angry Ricciardo slams stewards for grid penalty
Mar 24, 2018 - 16:36
Reason: The Stewards examined telemetry, video, auto positioning data evidence and heard from Daniel Ricciardo , the driver of vehicle 3 and the team representative.