Dropbox files for IPO: source

By on
Dropbox files for IPO: source

Data-sharing business Dropbox has filed confidentially for a US initial public offering, a source close to the matter said on Thursday.

The IPO will be led by Goldman Sachs Group and JPMorgan Chase, Bloomberg reported earlier, citing people familiar with the matter.

Reuters reported in June that the company, valued at almost US$10 billion in a private fundraising round in 2014, was seeking to hire underwriters for an IPO.

Dropbox is in talks with other banks to fill additional roles on the IPO and is aiming to be listed in the first half of 2018, the Bloomberg report said.

Dropbox could not be immediately reached for comment.

(Reporting by Shariq Khan in Bengaluru, Liana Baker in San Francisco; Editing by Maju Samuel)

Got a news tip for our journalists? Share it with us anonymously here.

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Log In

Username / Email:
  |  Forgot your password?