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sjburt
on March 23, 2018
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Dropbox jumps more than 40% in trading debut
That doesn't explain it though. Why would Dropbox accept that low opening price from the bank?
jedberg
on March 23, 2018
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Because the bank de-risks the transaction by promising to buy all the shares being offered.
sjg007
on March 23, 2018
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Yes but Dropbox has to guarantee some performance level and issue more shares I believe if the price tanks.
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