Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Dropbox, Inc. (DBX)

NEW YORK, NY / ACCESSWIRE / August 30, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dropbox, Inc.(“Dropbox” or the Company”) (NASDAQ:DBX). Investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/dbx.

The investigation concerns whether Dropbox and certain of its officers and/or directors have violated federal securities laws.

Dropbox raised $756,000,000 in new capital, selling 36 million shares of stock in its initial public stock offering (the “IPO”) priced at $21.00 a share around March 23, 2018. On August 8, 2019, Dropbox announced its 2019 second-quarter fiscal results, reporting a revenue of $410.4 million below analysts’ $420.3 million projection. Following this news, Dropbox stock dropped 12.8% on August 9, 2019. Since the IPO, Dropbox has dropped, and close at $17.80 on August 20, 2019.

If you are aware of any facts relating to this investigation, or purchased Dropbox shares,you can assist this investigation by visiting the firm’s site: www.bgandg.com/dbx. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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