After Snap's disappointing IPO - it is now trading roughly 4% below its $17 IPO price - analysts believe the Dropbox and Spotify offerings boost the tech IPO market this year. That appeared to drag down the industry altogether, with Google and Apple having fallen about 7 percent this month.
The stock opened at $29 on the Nasdaq and soared as much as 50 percent to a high of $31.60 in early trading.
The cloud-based file-storage firm on Wednesday raised the expected price range by $2 to $18 to $20 per share, on the back of strong demand.
The regulatory filingDropbox submitted for its IPO showed the company had more than 11 million paying users. It is the largest tech stock IPO in more than a year and early pricing bodes well for other IPOs from tech unicorns and startups.
At its highest trading price, the cloud-storage company was worth almost $12 billion, above its most recent private valuation.
MS gov will name Hyde-Smith to Senate vacancy
McDaniel, who has a history of making incendiary comments, would be more at risk of losing than a less-controversial Republican. Hyde-Smith, a Republican who is now the state's agriculture and commerce commissioner, will replace longtime GOP Sen.
Dropbox now has over 500 million registered users across 180 countries, but only 11 million of those users are paying. "It has an attractive story to justify its need for financing and the market dynamics are good, ' Josh Lerner, professor of Investment Banking at Harvard Business School, told Reuters, adding 'But at the same time the environment is also competitive".
The IPO raised about $756 million in the largest tech IPO since Snap Inc raised $3.9 billion in its debut previous year. For example, Andrew Houston, the co-founder and CEO, will have 24% of the company, while the the venture-capital firm Sequoia Capital will own a 25% stake. Its full-year net loss, meanwhile, almost halved to $111.7 million.
MS law bans abortions past 15 weeks gestation
Supporters of the pro-choice movement and the Jackson Women's Health Organization on the 40th anniversary of Roe v Wade in 2013. Phil Bryant signed the bill into law Monday afternoon, saying MS is "saving more of the unborn than any state in America".
DONALD Trump was left to face the Stormy Daniels "affair" backlash alone - as furious wife Melania kept 1,000 miles away from him. The President's longtime attorney has accused Daniels of violating a nondisclosure agreement by talking about the alleged affair.
Another review conducted by ATF officials past year concluded that bump stocks could only be banned by an act of Congress. The rules would be amended so that bump stock-type devices would be defined as a " machine gun " under federal law.
My mother always said in tournament play that you're supposed to to cheer on the team that defeats your favorite team . The Wildcats have been suffocating throughout the tournament, and did it again in the Sweet 16 against Kentucky.
The global scenario had changed manifold and now countries could not be coerced to toe line of one particular country, he added. Various aeroplanes belonging to Army Aviation and Pakistan Air Force demonstrated aerobatic feats for the audience.
The plan also talks about company's plans on driving systems, vehicle connectivity and autonomous driving technology. In fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenues of 11.72 trillion yen.
The group marched through downtown streets, chanting and speaking out against "wrongful deaths of black Americans by police". Protests continued in Sacramento , Calif., on Friday following Sunday's fatal police shooting of 22-year-old Stephon Clark .
The TMC bagged four Rajya Sabha seats in West Bengal, in taking its total seats in the House to 13 from the previous 12. Elections on the remaining 58 seats were held because those holding them will retire in April.
The father and daughter remain in a critical condition in hospital following their exposure to the lethal nerve agent, Novichok . Responding to Russia's decision to expel the diplomats, Britain said it had "anticipated" the move.
Marches are also scheduled in the United Kingdom and Ireland, with a rallies in London, Newcastle, Edinburgh, Belfast and Dublin. We intend to march with the students today. "My daughter went to school there", Knight said. "I think guns are dumb.
In addition, Cohen admitted that with YouTube's music service, it hopes to put an end to criticism from the music industry . Listening to music videos on YouTube will remain free, but the ad blitz will make it far more frustrating - by design.
World markets tumble on growing trade war fears
The S&P 500 posted two new 52-week highs and 42 new lows; the Nasdaq Composite recorded 23 new highs and 93 new lows. Technology and industrial companies, basic materials makers and health care companies also fell sharply.
Senior Chinese official cautions United States over tariffs
On the other hand, China urged the United States to cease and desist from endangering trade relations between the two countries. China potential measures were not confined to commodities, and tourism could be a possible target, he added.
Trump passes $1.3 trillion spending bill to avert shut down
A third lapse would be deeply embarrassing for a Republican-controlled Congress facing mid-term elections in November. Five times since October, lawmakers have had to pass stopgap funding legislation to keep the government's lights on.