March 23, 2018 / 3:38 PM / a month ago

Dropbox jumps 38 pct in U.S. market debut

March 23 (Reuters) - Dropbox Inc’s shares opened at $29 in their market debut on Friday, 38 percent above the IPO price, giving the cloud-based storage firm a market value of $12.67 billion on a fully diluted share count.

Dropbox’s highly anticipated initial public offering was priced at $21 on Thursday, topping the raised price range indicated by the company.

Reporting by Nikhil Subba in Bengaluru Editing by Saumyadeb Chakrabarty

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