Dropbox has confidentially filed for a US IPO, Backed by Goldman Sachs and JPMorgan

It's the season of secret IPO filings. Spotify did it first, and at present it'southward the turn of Dropbox.

Bloomberg has but found out that Dropbox, a pop file sharing service with a private valuation of over $ten billion has secretly filed for an IPO.

Bloomberg reports that Dropbox has secretly filed for an IPO with the help of Goldman Sachs and JPMorgan Hunt & Co, the two banks which will pb the potential listing. The report also adds that Dropbox might as well be talking to other banks to fill additional roles on the IPO. The company is targeting the beginning half of this year to get listed on the stock market.

Dropbox has a far better risk at succeeding at an IPO as the company will listing with a total annual sale of more than $1 billion on its books. Besides, while Snap Inc. – the last high-contour IPO in Silicon Valley – launched its IPO even before the company went greenbacks-flow positive and profitable, Dropbox has been profitable been profitable, excluding interest, taxes, depreciation, and acquittal.

dropbox businesses Dropbox also has a strong user base of over 500 one thousand thousand users with 200,000 of them existence businesses. Dropbox has also been heavily investing in developing its own deject platform. The visitor has reportedly invested in upwards of hundreds of millions of dollars to create its own servers in a fleck to minimize its dependence on Amazon's servers which the company offers through its AWS (Amazon Web Services) platform. This has helped Dropbox in cut its costs while speeding up its overall service speed.

Dropbox's own infrastructure along with a big clientele and annual acquirement will surely help the company in launching 1 of the biggest tech IPOs e'er. With this discover Dropbox joins other major tech companies like Spotify and ADT which are looking to become public this year.