Friday, 23 February 2018

Dropbox, a company that turned down an offer from Steve Jobs in 2009, is finally going public

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The place where you may or may not store and share your photos, PDFs, and other documents is going public. 

Dropbox, a cloud storage company based in Silicon Valley's heart San Francisco, is listing on the Nasdaq under the stock ticker $DBX, according to its S-1 document unveiled by the Securities and Exchange Commission (SEC) on Friday. Dropbox was most recently valued at $10 billion and is now seeking to raise $500 million. 

"Our modern economy runs on knowledge. Today, knowledge lives in the cloud as digital content, and Dropbox is a global collaboration platform where more and more of this content is created, accessed, and shared with the world. We serve more than 500 million registered users across 180 countries," the S-1 document states.  Read more...

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