After a decade, Dropbox finally decided to go public

After a decade, Dropbox finally decided to go public

Much like how Spotify quietly filed for a public IPO, it looks like Dropbox is following the same route. According to a new report from Bloomberg, Dropbox has finally decided to to file for its own public stock offering in the US.

The cloud-based file sharing company has been valued at $10 billion a few years ago and has been steadily workin towards becoming a pubic company. For many years now, many have wondered why Dropbox was constantly holding out on going public, but better late than never.

According to Bloomberg, Goldman Sachs and JPMorgan Chase are leading the listing, and there are other banks providing support for the IPO as well. Bloomberg notes that Dropbox hopes it will get listed in the first half of this year.

Snapchat currently is public and continues to lose money, Snap Inc.'s IPO was still a pretty big deal. Right now, it's reported that Dropbox is bringing in $1 billion per year in revenue, making it likely that its IPO could prove to be even more successful, as noted by Bloomberg.

CategoriesBusiness Tech
Hamza Khalid

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