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Low opening prices are a way for bankers to give handouts to their big investors. The rich get richer.

• sjburt 9y ago
  That doesn't explain it though. Why would Dropbox accept that low opening price from the bank?
  • jedberg 9y ago
    Because the bank de-risks the transaction by promising to buy all the shares being offered.
    • sjg007 9y ago
      Yes but Dropbox has to guarantee some performance level and issue more shares I believe if the price tanks.