Dropbox IPO Could Come Soon, Goldman Sachs May Be Appointed Advisor
July 30, 2017
Dropbox Inc. is expected to hire Goldman Sachs as lead advisor for an initial public offering it is planning to roll out soon, Bloomberg reported Friday.
The file sharing company is rumored to have a valuation of $10 billion, and raised $600 million debt financing from JP Morgan Chase & Co. among other investors in March. Till date, it has raised $1.7 billion in funding. The company passed an important milestone in January — it became cash flow positive with $1 billion annual revenue run rate i.e. revenue for a short period extrapolated for a whole year.