Our long anticipated is over: Dropbox has made its public debut. Founded in 2007, the company has proven itself as a major player in the software as a service (SaaS) industry. Its platform allows individual users and businesses to upload, edit, and share files in the cloud.
Since its inception, Dropbox has raised a total of $2.1 billion in funding through a total of 9 funding rounds. In 2001, with a pre-money valuation of $3.8 billion, the company raised $250 million in an early-stage, Series B funding round led by Index Ventures. But venture money can’t stay private forever, and ruminations on Dropbox’s IPO ambitions persisted for years.
The first hint at an IPO came in April 2014 when the company picked up a credit line of $500 million from JP Morgan Investment—a move some companies make before they file for public listing. That debt-financing round was followed by a Series D round in November 2014, which brought in another $350 million for the file sharing platform, putting IPO discussions on hold.
Leading up to the announcement, Crunchbase News analyzed Dropbox’s worth, its competition, and potential outcomes from the IPO, and there’s more reporting to come. To stay up to date on the latest Dropbox announcements, bookmark this page for future updates, or follow Crunchbase News on Twitter and Facebook.
Dropbox Opens At $29
Dropbox shares opened today at $29, up compared to its IPO price of $21 per share.
Dropbox Prices IPO Above Expectations At $21
Dropbox, the file storage and sharing application popular with consumers, raised the price of its shares to $21.00, according to a source cited by CNBC.
Dropbox Upgrades Its IPO Valuation, Inching Closer To Even
Let’s examine the new Dropbox valuation and try to understand what it means for the popular unicorn.
Dropbox Sets Reasonable IPO Price Range
Dropbox set an initial price range for it impending IPO. Here’s what we now know.
2018 Is The Year Of The Unicorn: Inside Dropbox’s S-1
We’ve been waiting for this one for a long time. Today, Dropbox publicly filed its S-1 document on its path to the public markets, detailing its historical financial performance and providing a wealth of information for investors and the market alike.
Decoding Dropbox’s Value Ahead Of Its IPO
Let’s take another look at Dropbox’s value through the prism of secondary transactions.
After Reportedly Filing Privately To Go Public, What Is Dropbox Worth?
According to Bloomberg, Dropbox has confidentially filed to go public. The firm intends to list in the first half of 2018.
As Public Markets Test New Highs, Dropbox Said To Commence IPO Prep
After quite a lot of time, a business pivot, two different credit lines, buckets of capital, and a refocus on cost-control, Dropbox may be finally on the path to going public. Follow Crunchbase News on Twitter According to Reuters, the cloud storage — and I’m sure it would prefer us to add enterprise productivity shop…
Morning Report: Dropbox Picks Up New Credit Line Ahead Of IPO Rumors (Again)
Morning Report: Dropbox is in the process of opening a $600 million credit line ahead of its IPO. It’s not the first time it’s done this, and the move mirrors a move by Twitter right before its own IPO.