Dropbox Jumps Over Box as More Tech Unicorns Prepare for IPOs

• Last Friday, Dropbox (NASDAQ: DBX) raised $756 million from its initial public offering, debuting at $21 per share, above its expected $18-20 range. After its stock jumped over 35% on its first day of trading, the company is currently valued at approximately $8.2 billion.

• Over a week ago, software-as-a-service (SaaS) veteran Zuora (NYSE: ZUO) began exploring an IPO. Zuora's regulatory filing details that the enterprise subscription platform is looking to raise approximately $100 million with its initial public offering. Crunchbase has cited the firm's last funding round at $115 million, though it has raised more than $245 million in venture and growth capital since 2007. 

• ​A Chinese video streaming service, iQIYI, which is currently valued at more than $10.5 billion, according to PitchBook, will soon trade publicly. The Chinese "Netflix" is currently owned by Baidu and has recently filed to go public on the NASDAQ under the ticker: IQ. Venture-backed Chinese video-streaming competitor, BiliBili (NYSE: BILI), valued at almost $3 billion, is also set for an IPO that hopes to raise roughly $483 million.

 

• Last Tuesday, GrafTech International Ltd. filed to go public on the NYSE under the stock ticker EAF. Based upon the firm's SEC filing, the expected initial public offering amount will raise roughly $100 million. According to PitchBook, the Cleveland-based manufacturer of carbon and graphite products had been taken private via a LBO led by Brookfield Asset Management (NYSE: BAM) for $695 million in August 2015.