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The bump comes on another weak day for the overall stock market, as well, after someone forgot to take President Trump’s iPhone away from him and he suggested on Twitter that he might veto the omnibus spending bill currently awaiting his signature to avoid a government shutdown. There’s a school of thought that IPOs should try to avoid that vaunted first-day bump by getting as much money as they can from the initial price, but everybody likes to see those green numbers on their stock tracking service of choice, and that’s what Dropbox shareholders got Friday morning. The stock, listed as “DBX” on the Nasdaq, opened just under $29 and traded as high as $31.60 in the early go. (Dropbox Photo)ĭropbox got the famous “bump” in its first hour of trading on the Nasdaq Friday, hitting a high of $31 in early trading after setting its initial price at $21 last year, in one of the biggest tech IPOs in quite some time. Dropbox co-founders Drew Houston (left, center) and Aresh Ferdowski ring the opening bell at the Nasdaq on the day of their IPO.

Dropbox stock price nasdaq