Dropbox surges 44% in trading debut [Video]

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Drew Houston, the cofounder and CEO of Dropbox. Handout/Getty Images Dropbox surged by as much as 44% in its trading debut on Friday, marking a strong start to the most prominent tech initial public offering so far this year.At its highest trading price, the cloud-storage company was worth...

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Drew Houston, the cofounder and CEO of Dropbox.

Handout/Getty Images

  • Dropbox surged by as much as 44% in its trading debut on Friday, marking a strong start to the most prominent tech initial public offering so far this year.
  • At its highest trading price, the cloud-storage company was worth nearly $12 billion, above its most recent …