Dropbox planning IPO - report

Nieuws Breedband Wereld 3 JUL 2017
Dropbox planning IPO - report

Dropbox is planning an initial public offering (IPO) it hopes will take place by the end of the year, Reuters reported, citing sources, saying the company is looking for underwriters. The move would make Dropbox the biggest US tech company to go public since Snap. The company was valued at almost USD 10 billion in a private fundraising round in 2014.

Dropbox will begin interviewing investment banks in the coming weeks, the sources said, adding that the deliberations are private. Dropbox declined to comment.

The company, based in San Francisco, was founded in 2007 by Massachusetts Institute of Technology graduates Drew Houston and Arash Ferdowsi. Investors include Sequoia Capital, T Rowe Price and Greylock Partners.

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Internet,  IT

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Dropbox

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Corporate strategy, Financial funding

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