Home > Industry > Dropbox Ponders IPO

Dropbox Ponders IPO

Data-sharing outfit Dropbox is in the market for an initial public offering that would create the biggest US technology company to go public since Snap.

Initial worth of the company came in at almost US$10 billion in a private fundraising round in 2014.

However, the plan does not necessarily augur well, as the proceeds from US technology IPOs slumped to $6.7 billion in 2015 from $34 billion in 2014, and shrunk further to $2.9 billion in 2016, according to Thomson Reuters data.

Box, Dropbox’s main competitor, was valued at roughly $1.67 billion in its IPO in 2015, less than the $2.4 billion it had been valued at in previous private fundraising rounds.

You may also like
BBQ Kings Weber Cook Up $5 BIllion IPO
BirdDog In Market For $13m Pre-IPO Hunt
Dropbox Buys DocSend For $165m
Dropbox Slashes 315 Staff, COO Heads For The Door
NBN Player Aussie Broadband Debuts On ASX With $40m IPO