It's roughly the same and then they raised 350 at a 10 billion dollar post money so they sold 3% of the company.

God, it's crazy. Welcome to episode 2 season 5 of acquired the podcast about technology acquisitions and

IPOs I'm Ben Gilbert I'm David Rosenthal and we are your hosts we are coming

at you 24 hours after the trading began for the initial

public offering of Dropbox. David, what do you think? It was a big day here in

here in San Francisco yesterday.

Is the window open?

Are we about to see a whole bunch of these?

Are we about to see the stampede of unicorns?

I wish.

I think we're... Well, I think the windows open I don't think it's going to be a

stampede but maybe it'll be a slow procession which would be a good thing for

everybody listeners as you know on the show,

we generally like to do most of our episodes

taking a good amount of time since either

the acquisition of the IPO happens

so we can analyze, you know, was it a good decision?

For an IPO, was it a good idea to hit the public

markets and raise that money and what did they end up doing with it or with an

acquisition what did the acquirer end up doing with the aquiree but sometimes the current narratives and the story is

so juicy and there's such a good backstory to the company and a narrative to talk about how they got where they got

where we just got to do it.

...