Dropbox files 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.”

Some details we’re learning about Dropbox thanks to its first public filing: 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 the company 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.

Dropbox has done very well over the past two...

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via The Verge - Tech Posts "http://ift.tt/2GEx4Yh"

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