Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a USA initial public offering, people familiar with the matter said.
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.
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. Goldman Sachs and JPMorgan Chase & Co are said to be leading this potential listing.
Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the report said.
Snapchat now is public and continues to lose money, Snap Inc.'s IPO was still a pretty big deal. Dropbox was valued at a hefty $10 billion when it last raised money, in 2014. According to a new report, the Dropbox IPO filing has been made confidentially with the relevant authorities.
Drop acquired has 24 companies in over ten years since it started. The service works by Dropbox creating a special folder on the a computer.
The company is expected to formally submit its IPO filing before the end of the second quarter, according to Bloomberg.
Representatives for Dropbox, Goldman and JPMorgan declined to comment on the filing, which was reported earlier by Bloomberg News. Dropbox's fast growth was accompanied by free spending and efforts to diversify into other businesses, like a stand-alone photo app, that proved unsuccessful. It reported having 57 million users as of the quarter that ended October 31, though it has lost money every year since going public three years ago.
You will only be able to start private chats with other Skype Insiders running the latest version of the app during the preview. You can't edit messages or forward files in this mode, only emoticons, files, and audio messages are available to send.
Amancio Ortega, the Spanish business tycoon and founder of Spanish fashion retailer Zara, completes the top five on the rich list. The net worth is determined by looking into the businesses the billionaires own and their shareholding in the respective firms.
After walking the red carpet at the Golden Globes on Sunday, she was hit by a barrage of mean comments about her skin. The model wrote on her blog: 'Where it really impacted me was how self-conscious I became about it.
You can also wash counters, cutting boards, and utensils after they touch raw meat to avoid contaminating other foods. You can protect yourself by washing your hands thoroughly before and after preparing or eating food.
Weinstein has been accused by multiple women , including actresses Salma Hayek and Ashley Judd, of sexual misconduct. Steve unleashed a wave of profanity on Weinstein, driving him out of the restaurant.
The amendment ultimately didn't pass, but the House didvote to reauthorize the law for another six years by a 256 to 164 margin. On Wednesday evening, the White House put out a statement expressing the administration's opposition to the bipartisan effort.
Now, it seems those publishers are nearly as out of luck as the phony publishers Facebook has tried to scrub from the News Feed. But Thursday's shift goes beyond previous changes by prioritizing posts that spur substantive interactions between people.
The one-time cash bonuses , meanwhile, will cost the company about $400 million, or about 0.08 percent of its annual revenue. The announcement comes the same day that Walmart confirmed it is closing 63 Sam's Club warehouse stores across the country.
The highly stylized and artistically rendered Action RPG will even come with a new scenario that delves deeper into the story. It looks like the rumors were true, and the newest Nintendo Direct presentation has just been unleashed upon the world.
What to Know About the 7.6-magnitude quake in the Caribbean
National Tsunami Warning Center warns of tsunami dangers in Puerto Rico , Jamaica, other islands and the coast of Central America. "Amazing trip to #Cancun ended last night with our condo shaking like insane as a result of an quake off the coast of Honduras".
Chiefs name RB coach Bieniemy new offensive coordinator
The 48-year-old Bieniemy, though, obviously has a key resource in Reid - the architect of the Chiefs' offense. Bieniemy has also spent time coaching with the Minnesota Vikings, at UCLA, and with his alma-mater, Colorado.
GoPro to Leave Drone Market, Cut Jobs
In November 2016, GoPro eliminated 15 percent of its workforce in an attempt to cut costs and turn the company around financially. GoPro CEO Nick Woodward said the company may look to "unite with a bigger parent company".
BBC editor quits China post over pay discrimination
They offered her a "big pay raise" that was still short of equality, according to Gracie's letter that she posted on her website. Gracie claims many women have sought pay equality "through internal negotiation but managers still deny there is a problem".