Dropbox IPO priced at nearly one-third below its peak valuation

(Reuters) - Dropbox Inc on Monday priced shares for its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back.

Dropbox IPO priced at nearly one-third below its peak valuation
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