Dropbox Inc., the file-sharing private company valued at $10 billion, has filed publicly for a U.S. initial public offering. Bloomberg’s Alex Barinka reports on “What’d You Miss?”
“They did report revenue in 2017 of $1.1bn, up 31% from a year before, juicy growth numbers for a company that is at scale with over 500 million registered users,’ said Barinka.
“It did post a net loss of $112 million, but claims it is cash positive.”
The look on financials is good but also investors look at how it is positioning itself.
“The company says it is working on a path of enlightened work environment for teams, going back to that old tech talk that as this file sharing company begins to move on the biggest publicly listed companies like Apple and Amazon.”
In January, there were $8bn in new IPO US listings or shares sold that took place.