Partners can sign up through distributors like Ingram Micro and Synnex, or via Dell Technologies.ĭropbox indirectly addressed the need for channel partners in the S-1 filing, citing the fact that many of its actual and potential competitors have some advantages over the company including access to resellers. However, we do not have agreements or commitments for any material acquisitions at this time," the company wrote.ĭropbox has a channel program, although the company declined to say how many channel partners it has signed. This transaction marks a down round from the last equity financing. The IPO could raise 648 million in equity, valuing Dropbox at 7.5 billion. The company expects to issue shares for 16 to 18. "Additionally, we may use a portion of the net proceeds we receive from this offering to acquire businesses, products, services, or technologies. Today, Dropbox provided detailed updates on its IPO plans. As the former Chief Marketing and Strategy. The company will use its IPO proceeds to run and expand its business, and it might make acquisitions, too. A lot has been written recently about the upcoming Dropbox IPO, one of the big tech names and unicorns privately valued at 10B four years ago. IPOs are often issued by smaller, younger companies. The cloud services and storage company said that it expects to price its IPO at between 16 and 18 per. The company reported a net loss for 2017 of $111.7 million, down from $210.2 million in 2016 and $325.9 million in 2015. Initial Public Offering - IPO: An initial public offering (IPO) is the first time that the stock of a private company is offered to the public. After announcing an IPO in February, today Dropbox updated its S-1 filing with pricing. In fact, the company said over 40 percent of its new Dropbox Business team customers include a member who previously subscribed to an individual paid plan.ĭropbox, founded in 2007, reported 2017 revenue of $1.11 billion, up from $844.8 million in 2016 and $603.8 million in 2015. A user with a paid individual subscription, who is also part of a Dropbox Business team, would count as two paid users. US data-sharing and cloud-storage firm Dropbox raised a total of 704m from its IPO this week, the largest IPO from the US tech sector since Snap. In its filing, Dropbox said it has over 500 million total registered users that are storing some 400 billion pieces of content.ĭropbox has more than 11 million paying customers and it includes in those numbers all the members of a Dropbox Business team. Dropbox, one of the hottest providers of online storage and file sync and share technology, has filed for an initial public offering in hopes of raising up to $500 million.ĭropbox, in its S-1 filing with the Securities and Exchange Commission, did not list an IPO date in the paperwork, so the actual amount raised and the company's valuation is subject to change.ĭropbox declined to provide additional comment beyond what's in the S-1. The company listed its 756 million IPO under the trading symbol DBX and priced its 36 million shares at 21 Thursday, above the expected range of 18 to 20. It has faced competition from many other companies and platforms that aim to do similar things to Dropbox at either a lower price or with no restrictions.
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