DROPBOX INC. WILL FILE IPO LATER THIS YEAR

July 2, 2017 The Unbiased Writer

According to multiple sources, Dropbox Inc. is reportedly hiring underwriters for an initial public offering that is set for later this year. The data-sharing website was originally founded in 2007 by two students from the Massachusetts Institute of Technology, and has been instrumental in furthering technological advances in file synchronization and cloud storage. If plans move forward, Dropbox will be the largest US-based technology company to go public since Snap Inc. earlier this year. Dropbox was previously valued at almost $10 billion in a private fundraising round in 2014, and will begin privately interviewing investment banks in the coming weeks. As of now, the company has yet to comment on the situation. Stay tuned for updates!

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