On March 22, 2018, Dropbox, a leading global collaboration platform that's transforming the way people and teams work together, announced the pricing of its initial public offering of 36,000,000 shares of its common stock at a price to the public of $21 per share. Specifically, the company is offering 26,822,409 shares of Class A common stock and selling stockholders are offering 9,177,591 shares. The shares began trading on the Nasdaq Global Select Market on March 23, 2018, under the symbol "DBX." Wilson Sonsini Goodrich & Rosati is representing Dropbox in the offering.

The company has granted the underwriters a 30-day option to purchase up to an additional 5,400,000 shares of common stock. Goldman Sachs & Co. and J.P. Morgan Securities are acting as joint lead bookrunning managers for the offering, while Deutsche Bank Securities, Allen & Company, BofA Merrill Lynch, RBC Capital Markets, Jefferies, and Macquarie Capital (USA) are acting as joint bookrunning managers. Canaccord Genuity, JMP Securities, KeyBanc Capital Markets, and Piper Jaffray are acting as co-managers. The offering is expected to close on March 27, 2018, subject to customary closing conditions.

According to multiple press reports, the Dropbox IPO is the largest Bay Area technology offering since 2013. Dropbox is headquartered in San Francisco and has 12 offices around the world. The company has more than 500 million registered users across 180 countries.

The Wilson Sonsini team representing Dropbox in the offering includes partners Tony Jeffries, Rezwan Pavri, Lisa Stimmell, Shannon Delahaye, Scott McCall, and David Berger and associate Andy Gillman.

For more information, please see Dropbox's press release.