Cloud Storage Company Dropbox Files for $500 Million IPO

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, FInance, Industry Announcements, News, Product Development, Revenue and Sales, SaaS and Cloud Services, Subscriber Acquisition, Subscription Apps /

Last Friday cloud storage company Dropbox filed for a $500 million IPO under the ticker symbol DBX on NASDAQ, reports CNBC. According to the company’s SEC S-1 filing, Dropbox earned $1.11 billion in revenue in 2017, a 31 percent increase over the prior year. It also posted a net loss of $111.7 million last year, an improvement over a net loss of $210.2 million in 2016.

Cloud Storage Company Dropbox Files for $500 Million IPO Read More »