The company isn’t even public yet, but there’s a big trade in the works, according to Business Insider. It’s apparently the ‘second part of the $250 mn funding round Dropbox raised in October’. This secondary trade will give some liquidity to employees. Investment bank Allen & Co is involved – and is reportedly the buyer in the transaction, although there are also rumors that the bank is playing an agent role.
Dropbox had only 70 employees as of last October and nonetheless has climbed to an eye-popping implied valuation of $4 bn.
Source: Business Insider
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