Dropbox will price IPO at $21 per share
cnbc.comThe dollar number is a completely meaningless unit, it still boggles my mind that financial journalists report this like it matters. They should tell you what percentage of the company is being offered at what the total valuation would be at the expected price, the price itself is completely meaningless.
EXACTLY!
If you have a $20 billion company and sell half of it in the form of 10 billion shares for $1/share, it's not really any different than selling it in the form of 100 million shares for $100/share. The same amount of money will buy the same amount of the company. And since price changes are often given in percent change, it doesn't matter if you buy 100 shares at $1 or 1 share at $100. If the stock doubles, you'll have $200 either way.
It does say in the article that this values the company at over $8.2b, and that they raised $756m in the IPO.
If you mean that the title should describe market cap rather than share price, this does occur sometimes and I agree that it can be a more useful metric. The share price needs to be mentioned as well, though, as it's the actionable term (to invest $210k, you buy 10,000 shares).