Dropbox confidentially files for IPO

Dropbox confidentially files for IPO

The company plans to list shares in the first half of 2018.

Representatives for Dropbox declined to comment on the filing. The listing will test Dropbox's most recent valuation, $10 billion, which has been criticized by some investors as overvalued and outdated.

Wall Street will no doubt take note of that fact once Dropbox's stock starts trading. Snap shares are down 15 percent from its IPO last March.

"Cash is oxygen", Houston said in an onstage interview at the time. Some critics called it too high compared to what the value would be on public markets. A successful offering could open up the sluice gate for a flood of other companies waiting to go public.

Queen's bra-fitter stripped of royal title after 'tell-all' book
The book discussed meetings with the Queen and other noted members of the royal family at Buckingham Palace . Since the incident, Ms Kenton explained that it was never her intention to upset anyone.

Dropbox has filed confidentially for IPO, according to Bloomberg.

Reuters reported in June that the company, valued at nearly $10 billion in a private fundraising round in 2014, was seeking to hire underwriters for an IPO.

Dropbox says that more than 500 million people use its online software service, which allows consumer and business users to save documents in the cloud and access them from any device. The company will have to show potential investors how it's differentiating its core file-sharing products and newer collaboration tools from the likes of Google, Microsoft and Box. According to CEO Dennis Woodside, the company has spent hundreds of millions of dollars to build data centres, allowing it to cut costs while improving file transfer speeds. That's made it easier for Dropbox to cut costs while speeding file transfers, Chief Operating Officer Dennis Woodside said in an interview a year ago. Dropbox is also looking to include additional banks.

Taking on the risk of lending to a private company can typically help a firm's chances in underwriting an eventual IPO. There has been no official confirmation about this just yet, either from Dropbox or Goldman Sachs and JPMorgan for that matter.

Related Articles

  • Donald Trump likely to meet Macron in Davos: White House

    Donald Trump likely to meet Macron in Davos: White House

    Under the nuclear deal , Iran is obliged to limit its nuclear program in exchange for termination of nuclear-related sanctions. In addition to worldwide pressure, American lawmakers are also urging Trump to uphold the nuclear agreement.
    On-demand: Watch the Nintendo Direct Mini here

    On-demand: Watch the Nintendo Direct Mini here

    It includes all the content and DLC from the Wii U and 3DS versions, as well as new outfits from Breath of the Wild . Action-RPG Ys VIII: Lacrimosa of Dana features rhythmic battles, large monsters, anime cutscenes, and base-building.
    Facebook says big changes are coming to your news feed

    Facebook says big changes are coming to your news feed

    But Thursday's shift goes beyond previous changes by prioritising posts that spur substantive interactions between people. According to Zuckerberg , Facebook users complained that public content is crowding out personal moments.
  • Myanmar Faces Truth, Admits Soldiers Behind Rohingya Mass Grave

    Myanmar Faces Truth, Admits Soldiers Behind Rohingya Mass Grave

    The army's unprecedented acknowledgement came after months of denial of any wrongdoing towards the persecuted Rohingya minority. The army chief's office said "action" would be taken against villagers and security members involved in the violence at Inn Din.
    Sams Club stores closing, none locally

    Sams Club stores closing, none locally

    Sam's Club has confirmed the company will close a "series of clubs", but it's still unclear which stores will be closing. Walmart had closed just five Sam's Clubs since 2013 before this week, according to the company's earnings reports .
    Indian Space Agency Successfully Launches Country's 100th Satellite

    Indian Space Agency Successfully Launches Country's 100th Satellite

    PSLV C-40 rocket to launch Cartosat, 30 satellites from United States , other nations in single mission from Sriharikota. India had in February past year launched 104 satellites in a single mission .
  • M&S shares under pressure after festive sales fall

    M&S shares under pressure after festive sales fall

    Taking the 19 week period as a whole, LFL sales in Central Europe, rose 0.6%, and fell 11.1% in Asia. The Christmas trading seasons can be make or break for many retailers.
    Toyota adds 601000 vehicles to Takata air bag recalls in US

    Toyota adds 601000 vehicles to Takata air bag recalls in US

    A subsequent inspection indicated that the airbag's inflator ruptured, killing the driver. Automakers have struggled to get enough replacement parts for the massive recalls.
    Dallas County Now Up to 23 Flu-Related Deaths This Season

    Dallas County Now Up to 23 Flu-Related Deaths This Season

    The City of Houston Health Department said one woman died at the end of November, while the other died at the end of December. A Houston doctor said local hospital beds were at capacity , telling flu sufferers they might be better off staying at home.
  • House Votes To Renew Surveillance Law Despite Conflicting Trump Tweets

    House Votes To Renew Surveillance Law Despite Conflicting Trump Tweets

    I am gratified with this strong, bipartisan vote and look forward to the bill's swift passage in the Senate", Rep. The House has passed a bill to reauthorize a key foreign intelligence collection program with an important tweak.
    Trump's Britain Visit Canceled

    Trump's Britain Visit Canceled

    This week, Foreign Secretary Boris Johnson brushed off suggestions a state visit to Britain by Mr Trump should be scrapped. Mr Trump accepted the Queen's invitation for an official state visit when the prime minister met him previous year .
    At Least 13 Killed in Southern California Mudslides

    At Least 13 Killed in Southern California Mudslides

    In the clip, Oprah could be seen donning a raincoat and standing in muddy water, which was filled with tree branches. A wall of water carrying uprooted trees and boulders moved like a river through the residential street.