This is above the $18 to $20 range the company filed with the Securities and Exchange Commission on Wednesday.
That gives the San Francisco-based file sharing company an $8.24 billion valuation.
Dropbox initially set its price range from $16 to $18 on March 12, before raising its price again on Wednesday due to investor interest.
Dropbox is expected to begin trading on Friday at the NASDAQ under the ticker "DBX."
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