Dropbox to go public 10 years after launch

A decade after it was founded, Dropbox has filed to go public. The beloved, easy-to-use (if somewhat stagnant) file syncing service had documents unsealed at the SEC today revealing plans for an initial public offering, where Dropbox is looking to raise up to $ 500 million. The company will trade on Nasdaq under the symbol “DBX.”

Thanks to its first public filing, we’re learning that the company’s revenue has been increasing for the past three years, growing from $ 603 million in 2015 to $ 1.1 billion last year. And while Dropbox lost money overall all of those years, it’s been losing less and less, falling from a loss of $ 326 million in 2015 to $ 111.7 million last year.

D…

Continue reading…

The Verge – All Posts