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Dropbox Files Confidentially For IPO (bloomberg.com)
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.
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.
Megaupload if only they pretended a little to fight piracy.
contradiction
It's a major news article for Bloomberg! Now that's confidential.
Gotta give GS/JPM and all of the other crooks time to reserve their greenshoe's.
Everybody trying to IPO before the music stops.
They should just put "Blockchain" in the company name and shout it from the rooftops.
Everything makes sense in the era of Trumpy.
Wasn't the confidential thing started by Obama?
https://www.bloomberg.com/news/articles/2017-06-30/sec-to-expand-confidential-ipo-filing-ability-to-all-companies
Everything makes sense in the era of Trumpy.
Wasn't the confidential thing start with Obama? Perhaps I missed your point.
https://www.bloomberg.com/news/articles/2017-06-30/sec-to-expand-confidential-ipo-filing-ability-to-all-companies
FAKE NEWS!
Bush-Cheney and Trump are the source of all evil rich man schemes.
Translation: Dropbox has filed intent to turn over stewardship of your private data to shareholders.
He's a billionaire who's going to die in prison next to his sons and lawyers though... elected or not.
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....
So Dropbox is going public in the post Net Neutrality era?
How is this possible??? I thought the world was going to end, At least on the internet.
The world will end, there'll just be a few IPO's first. :)
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?