Dropbox Inc. priced its initial public offering at $21 a share late Thursday, above its expected range, according to The Wall Street Journal. Earlier this week, Dropbox wrote in a Securities and Exchange Commission filing that it raised its expected range to $18 to $20 a share, from the $16 to $18 a share it had previously expected. Dropbox logged $112 in net losses on revenue of $1.1 billion in 2017, compared to losses of $210 million on sales of $845 million in 2016. Dropbox will start trading Friday on the Nasdaq under the ticker DBX.
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