40% hike on first day of trading - are people at Dropbox much richer now ?
I mean duh
Sour grapes
Wait for 6 month, it will crash 70%. The history of Fitbit. I guaranteed.
Is that what happened to fitbit? When you could sell, it was 70% off?
Yes. Wall street has typical pump and dump strategy to make money.
I’m jealous. What’s the next IPO company I should work for ?
Uber
Wework
Given those who joined pre IPO got stock at $10-11, I suspect that’s more than +40% today
It’s at 30$ so +200% right?
Yes, over 200%
Explain?
They do more than provide cheap disk in the cloud?
So simple that Microsoft can't even do it right
Every time I see these posts; it seems people don’t understand IPO mechanics. Mostly it’s the investors, banks and the founders who make money. For the employees to even make an iota, the stock needs to hold its own for 6 months. That’s pretty hard from what I have seen. I wish the Dropbox employees the best wishes that their m$$ remains so for 6 months till they can sell!
Not true. First depending on the company there can be programs in place to sell a small portion on opening day in a controlled way. Also the earliest probably have stock in the pennies.... You have to be early but you can definitely make money
Do you know of any such programs at a large public company that you can quote as an example where they allowed selling on opening day? All the options agreements I have read from mine and as well as my friends; it’s a standard SV thing to have this clause. Also, if you are an early employee example Dropbox who joined close to 10 years ago; This is certainly not an example for them. I am talking about the other 99.9 percentile of employee crowd who joined later. Makes sense?
it usually means they are cashing out because they have gone as far as they can. Think GoPro, Candy crush,
Look at square. Rough start. Kicking ass now (aside from today). Good luck!
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Crossed a line with my boss
they cant sell after 6 months
Not always entirely true