Dropbox Inc is an American company known for its flagship project with the same name. The service Dropbox is known to all fans of the cloud storage. The company was founded 11 years ago by the students of MIT (Massachusetts Institute of Technology). Since its creation, the company has attracted about six hundred million US dollars of investment. Drew Houston, CEO of the company, said that in 2016, the company’s revenue had crossed a one-billion mark. The company boasts a client portfolio consisting of two hundred thousand companies.
Recently, the authoritative edition of The Wall Street Journal, referring to authoritative sources, has reported that the company Dropbox Inc is preparing for the procedure of the initial public offering (IPO). Since about three years ago the company was estimated to be about $ 10 billion, it is logical to assume that the upcoming IPO can become one of the largest among those that have been conducted recently.
It should be taken into account that the situation in the market has changed significantly over the past three years. Although three or four years ago the service Dropbox was deservedly considered the most promising in the cloud services market, now the situation is different. A strong competition from the giants Google and Apple forced the company’s management to change the strategy. Now the priority is to provide services to large corporate clients. Experts argue that the corporations will be more willing to cooperate with the company that has already passed the IPO procedure.
Don’t think that if the company is large and expensive, then its shares surely are traded on the stock exchange. At the moment, only in the United States there are at least hundreds of companies with a value of more than one billion US dollars that has not passed the procedure of the initial public offering on the stock exchange. The most significant of these are Airbnb and Uber Technologies.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade