IT

Emoji Movie Star Dropbox Files For IPO

Emoji Movie Star Dropbox Files For IPO

The company hopes its IPO will give it the cash it needs to beat out rivals that also offer cloud documents, storage, and collaboration (like Box, Microsoft, and Google), as well as retain the individual users that have fueled most of Dropbox's growth.

People familiar with the offering told the Wall Street Journal that Dropbox is expected to seek a public valuation of about $7 billion to $8 billion, making it the largest tech IPO since Snap in March 2017, but a far cry from its private valuation in 2014 of $10 billion.

Dropbox on Friday disclosed reams of financial information in its S-1 filing as it prepares at long last to go public.

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The source said that an A sample had tested positive and a B sample from the athlete would be tested Saturday. She is the second athlete in the 2018 Winter Olympics to flunk a test.

Dropbox, the company best known for almost rescuing a ragtag group of emoji from a teenager's phone in The Emoji Movie, has filed for an initial public offering.

The filing, which comes weeks after Dropbox initially filed for an IPO under the Securities and Exchange Commission's confidential process, reveals that Dropbox revenue has grown strongly over the last three years, from $604 million at the end of 2015 to $1.1 billion at the end of last year.

Dropbox, which was founded in 2007, has been the subject of IPO rumors since at least 2013.

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Put in to bat after South African captain JP Duminy won the toss, India lost Rohit Sharma for a first ball duck. For perhaps the first time today in this tour, it was India's middle order that outshined the top order.

"A majority of our registered users may never convert to a paid subscription at our platform", the startup warned.

The company said it had over 500 million registered users, but only 11 million of them are paying. In 2016, it had 6.5 million paying users. Investor Sequoia Capital has 24.8 percent. The company will trade on Nasdaq under the symbol "DBX". The main underwriters for the offering are Goldman Sachs Group Inc. and JPMorgan Chase & Co., though the filing lists many other participating banks: Deutsche Bank Securities, Allen & Co. Unlike many online publications, we don't have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.

Broadcom Retaliates Against Qualcomm for Raising Its NXP Bid
It dived, as 40 investors sold TTWO shares while 124 reduced holdings. 121 funds opened positions while 584 raised stakes. The difference between the expected and actual EPS was $0.16/share, which represents an Earnings surprise of 8.9%.


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