Dropbox IPO: Investors Value Company as Something It's Not
Drew Houston, chief executive officer and co-founder of Dropbox Inc., right, and Arash Ferdowsi, co-founder of Dropbox Inc., stand for a photograph outside the Nasdaq MarketSite (Photographer: Victor J. Blue/Bloomberg)

Dropbox IPO: Investors Value Company as Something It's Not

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(Bloomberg Gadfly) -- Investors have gone gaga over Dropbox Inc. in its first few hours as a public company. It looks as if their enthusiasm has become overheated. 
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