Dropbox is going public, finally - TechSource International - Leaders in Technology News

Dropbox is going public, finally

And it took 10 years.
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Dropbox has finally filed to go public, after 10 years of its launch.

Dropbox has finally filed to go public, after 10 years of its launch.

Dropbox has finally filed to go public, after 10 years of its launch. One of the most popular cloud storage apps, Dropbox is looking to raise $500 million through the IPO. The company registered on NASDAQ and will be seen under the DBX symbol. According to reports, Dropbox’s revenues have been growing for the last three years. The company has reportedly earned $1.1 billion last year, growing massively from $603 million in 2015.

Ninety percent of the Dropbox’s revenues is coming from subscribers who pay for the service on their own.

Furthermore, Dropbox apparently has 11 million paid subscribers right now, which is nearly double of the 6.5 million it had in 2016. According to Dropbox, 90 percent of the company’s revenues is coming from subscribers who pay for the service on their own. So, Dropbox will probably be looking to cash in on business subscriptions after the IPO.

To its credit, Dropbox has become a popular app for regular consumers already. So, the company can probably look towards adding features for those users as well. Dropbox was founded in 2007 and launched officially in 2008. It has been growing since.