Dropbox: greenshoe option has been exercised
(CercleFinance.com) - Dropbox has exercised a greenshoe option to sell additional shares after its successful initial public offering (IPO) two weeks ago, the file hosting service said on Wednesday.
The underwriters of its IPO have fully exercised their option to purchase an additional 5.4 million Class A common stock, the San Francisco-based company said.
A total of 46.2 million shares have now been sold in the offering.
As a result, Dropbox has received total gross proceeds of 776.7 million dollars and selling stockholders have received proceeds of 192.7 million dollars, before fees and expenses.
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