Dropbox IPO Filing Reportedly Made Confidentially

Cloud storage service Dropbox has been around for over a decade. Normally, when a company of this size and magnitude has been around for this long, rumors start swirling about the possibility of it going public. We’ve heard many such rumors over the past few years and now it finally appears to be happening. According to a new report, the Dropbox IPO filing has been made confidentially with the relevant authorities.

Bloomberg reports that the Dropbox file-sharing private company is currently valued at $10 billion and it has now filed confidentially for an initial public offering in the United States. Goldman Sachs and JPMorgan Chase & Co are said to be leading this potential listing. Other banks may be brought on board to fill additional rolls on the IPO.

Dropbox is reportedly aiming to list in the first half of this year. There has been no official confirmation about this just yet, either from Dropbox or Goldman Sachs and JPMorgan for that matter.

It’s without a doubt one of the most highly anticipated tech IPOs of 2018. The numbers haven’t been disclosed as yet so it’s not known just how much money Dropbox is aiming to raise from the IPO.

Aside from Dropbox’s potential IPO, Spotify is also said to have filed its IPO documents confidentially with the Securities and Exchange Commission. The music streaming service is also expected to go public in the coming months even though Spotify has said nothing on the matter so far.

Adnan Farooqui
Categories: General
Tags: dropbox