UPDATE 4-Dropbox IPO price range puts valuation nearly a third below peak
March 12, 2018 at 18:21 PM EDT
March 12 (Reuters) - Dropbox Inc on Monday offered a price range for shares in its initial public offering that would value it at up to $7.1 billion, nearly a third below the valuation it commanded in 2014, a clear sign of how overheated the private tech market became a few years back.