Today, Dropbox offers an extremely slimmed down, limited storage version for free, along with multiple levels of business offerings that range from “Standard” at $15 per user, per month-starting with 3 users-up to enterprise level offerings. San Francisco-based Dropbox, which started as a free service to store and share music, photos, and other large files, now competes directly against some Google GOOGL offerings, as well as Microsoft MSFT, Amazon AMZN, and others in the storage industry. Since Dropbox’s IPO, streaming music power Spotify SPOT also began trading, somewhat overshadowing the online storage company. So let’s take a look at what might have investors excited about the newly public tech company and see if its stock is worth buying at the moment.ĭropbox went public in late March at $21 per share, and saw its stock price skyrocketed more than 35% during its first day of trading as investors jumped into what was, at that point, the biggest tech IPO of 2018-and the first tech unicorn to hit the market since Snap SNAP. Shares of Dropbox DBX jumped over 5% through midday trading Thursday without much significant news to speak of.
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