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Investigations  /  08.28.2019

Shareholder Investigation of Dropbox

Robbins LLP is Investigating Dropbox, Inc. (DBX)

Robbins LLP informs shareholders that it is investigating Dropbox, Inc. (NASDAQ: 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.

Dropbox, Inc. (DBX) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information form below.

Shareholder Information

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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