The company raised $756 million in its initial public offering on the NASDAQ stock exchange under the ticker symbol of DBX on March 23, 2018. A total of 36,000,000 shares were sold at a price of $21 per share. After the offering, there was a total of 391,903,011 outstanding shares (excluding the over-allotment option) priced at $21 per share, valuing the company at $8.23 billion. The company sold 26,822,409 shares and the selling shareholder sold 9,177,591 shares. The total proceeds, before expenses, to the company was $563.2 million and to the selling shareholders was $192.72 million. The underwriters were granted an option to purchase up to an additional 5,400,000 shares from the company to cover over-allotments, if any. Salesforce Ventures acquired a 1.2% stake in the company (NAS: DBX) on March 23, 2018 through a private placement. The private placement was contingent on the completion of the company's (NAS: DBX) initial public offering.