Spring Is Coming For IPOs

摘要

Don't be so afraid of a down round.That may be the message Silicon Valley takes from the initial public offering of Dropbox Inc. on March 22. In the weeks before the cloud-storage company's stock market debut, it first targeted a price of $18 a share on the high end, giving the company a market valuation of $7.1 billion. That would have been about a third lower than the $10 billion it was valued at in its previous round of private fund-raising-earning the IPO the "down round" stigma.