Dropbox revenue growth is slowing downĪs I wrote in February, Dropbox's growth rate is slowing down.
Will Dropbox's first-day pop prove sustainable or will it drop below its IPO price? There are three reasons to hold off on buying the stock.ġ. Another highly valued start-up, the meal-delivery company Blue Apron, went public at $10 a share in June and is now trading at roughly $2," wrote the Times. While some recent IPOs have done well-for example, identity management service SailPoint is up 58% since its November 2017 IPO, others have not done well.įor instance, in 2017 Snap surged 44% on its first day of trading and it has since "struggled to stay above its offering price of $17 a share. The successful IPO of Dropbox which "sells subscriptions to software that lets users collaborate and share files online," showed "that great companies that are built to last can still access the IPO window, despite a week of incredible volatility and distraction about global trade,” Bryan Schreier, a Dropbox board member and partner at Sequoia Capital told the Times.
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