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Mergers & Acquisitions,
Corporate

Jan. 3, 2019

‘Unicorn’ Dropbox topped banner year of California IPOs

Fifty California companies went public in 2018, raising $8.5 billion collectively. The numbers were up from the previous year, when 27 California companies raised $6.5 billion with initial public offerings.

‘Unicorn’ Dropbox topped banner year of California IPOs
Lisa L. Stimmell, left, Rezwan D. Pavri, center, and Tony Jeffries, Palo Alto partners at Wilson Sonsini Goodrich & Rosati PC, helped guide Dropbox in the largest initial public offering of a California company in 2018.

Fifty California companies went public in 2018, raising $8.5 billion collectively. The numbers were up from the previous year, when 27 California companies raised $6.5 billion with initial public offerings.

For the third year straight, the top California company to go public was a "unicorn," a privately held startup valued at more than $1 billion.

Meanwhile, 172 companies across the United States w...

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