Dropbox Has Filed Confidentially for IPO, Report Says
"Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering," Fortune (Jan. 11) sources are reporting. Goldman Sachs Group Inc. and JPMorgan Chase & Co. will reportedly lead the potential listing, while Dropbox has been in talks with other banks to fill additional roles on the IPO. According to the sources, the company's plan is to list by the end of June. "A share sale by San Francisco-based Dropbox, one of a closely watched group of high-profile private tech companies with multibillion-dollar valuations, would follow Snap Inc.'s disappointing step into the public markets," notes Fortune.
Abstract News © 2018 INFORMATION, INC.