Industry News Update – Week of 3/26/2018:

Last week, Dropbox's IPO raised $756 million and the company was valued at $8.2 billion. Dropbox’s shares closed at $28.48 on its first day of trading which represents a 36% increase compared to its original share price.

DocuSign filed documents for its upcoming IPO and was expected to go public in Q2 or Q3 of 2018.

Meituan Dianping held preliminary discussions to go public on the Hong Kong exchange at a $60 billion valuation.

Uber sold its SouthEast Asia business to Grab in exchange for a 27.5% stake in the company.

The news articles and links presented below are available for your reference.

DOCUSIGN

"DocuSign Files for an IPO"

DROPBOX

"Dropbox Finishes up 36% on First Day of Trading"

“Dropbox Prices IPO at $21 per Share”

Meituan Dianping

"Meituan Dianping Reported To Seek Hong Kong IPO At $60 Billion Valuation"

UBER

"Uber Quits 8 Countries in Southeast Asia, Selling Out to Rival Grab"