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Shareholder Alert: Robbins Arroyo LLP is Investigating Dropbox, Inc. (DBX)


Shareholder rights law firm Robbins Arroyo LLP informs shareholders that it is investigating Dropbox, Inc. (DBX) for potential violations of federal securities laws pursuant to its March 2018 initial public offering ("IPO"). Dropbox completed its IPO on March 23, 2018, offering shares at $21.00 and raising $756 million in proceeds. Then, on August 8, 2019, Dropbox reported $410.4 million and $517.3 million in billings and deferred revenue, respectively, in its second quarter fiscal 2019 report. Both figures were below analysts' estimates of $420.3 million in billings and $527.7 million in deferred revenue. On this news, Dropbox stock fell 12.8%. The stock currently trades at $17.56, a 16% decline from Dropbox's IPO price. Dropbox provides a collaboration platform through its website or app.

If you suffered a loss as a result of Dropbox's misconduct, click here.

Dropbox, Inc. (DBX) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190828005784/en/