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.
Powered by WPeMatico