Dropbox Talks Possible IPO
Popular file storage vendor Dropbox is in talks over a possible share-market float as soon as 2017. Management is said to have held talks about the feasibility of a listing and to get a sense of the valuation the company could fetch from public market investors.
The meetings mark a departure from remarks made last year by CEO Drew Houston, who said at the time the company had no plans to go public anytime soon.
Dropbox was then valued at around $10 billion from a funding round in 2014. Since then, a number of investors have written down the value of their holdings.
The company has been trying to expand into the larger market of cloud-based collaboration, recently adding tools for scanning documents with a smartphone camera and others for creating new Microsoft Office documents with the click of a button.