Dropbox Files Confidentially For IPO

Dropbox, the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering. From the report: Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, according to the people, who asked not to be identified because the filing wasn't public. Dropbox is talking to other banks this month to fill additional roles on the IPO, the people said. The company is aiming to list in the first half of this year, one of the people said. Dropbox could be one of the biggest U.S. enterprise technology companies to list domestically in recent years.

Dropbox is likely to tout its biggest investment in recent years: its own cloud. It's spent hundreds of millions of dollars to build data centers and mostly wean itself off of Amazon.com Inc.'s servers, a rare feat for a software business with hundreds of millions of users. That's made it easier for Dropbox to cut costs while speeding file transfers, Chief Operating Officer Dennis Woodside said in an interview last year.

Re:

[Anonymous Coward]

Gotta give GS/JPM and all of the other crooks time to reserve their greenshoe's.

This could have been...

[ark1]

Megaupload if only they pretended a little to fight piracy.

confidential

[no-body]

contradiction

It's so confidential

[Chris Mattern]

It's a major news article for Bloomberg! Now that's confidential.

UH OH

[Kremmy]

Translation: Dropbox has filed intent to turn over stewardship of your private data to shareholders.

Re:

[luther349]

translation dropbox is going to pump and dump there company. like every other online site hat ever gone public.

public

[gary s]

SO here is how this plays out. Go public and a bunch of people become billionaires. They run the company for a few years but have no skills and the company goes bust. A companies buys them out closing the Dropbox accounts, Takes ownership of all your files and provides you no access. They then sells off your data to the highest bidder. Rinse and repeat....

Five years after the shark?

[xxxJonBoyxxx]

Five years ago, a lot of people seemed to be adopting DropBox, etc. and I'm frankly surprised they didn't IPO then. Now, I see a lot of those folks are back on shared Google Drives, etc. Is DropBox still really adding customers/revenue at this point? If so, why?