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13 March 2018

Dropbox looks to capture $648m in IPO

Existing backer Salesforce Ventures has agreed to invest a further $100m in the cloud collaboration platform through a private placement.

Author: Robert Lavine, News Editor

Enterprise software producer Salesforce has agreed to invest $100m in US-based file sharing service Dropbox alongside an initial public offering that would raise $648m at the top of its range.