(Nasdaq: TROW) purchased Dropbox stock for $19.10 per share in that funding round. After a $250 million round of funding in 2014, the company was valued at $10 billion.īusiness Insider reports that T. When Is the Dropbox IPO?Īccording to Bloomberg, CEO Drew Houston said DropBox's meetings with banks about a potential IPO in August 2016 were just exploratory.ĭropbox was most likely seeking parameters on a valuation because the value of the company is contested.ĭropbox had a valuation of $4 billion in 2011. Users can save money by paying $99 for the year.Īs of March 2016, the cloud storage company had 500 million individual users and 200,000 business clients as of July 2016.Īnd that massive user base is what has Wall Street so interested in the Dropbox IPO.
It also has a paid model that varies in price depending on storage needs.Īccording to its website, it costs $9.99 per month to upgrade a Dropbox account for additional features. It then offers upgrades at higher pricing points. The company provides a "freemium" model - a setup where storage capacity is limited.
It's convenient for clients to use because once files - text, videos, pictures, and more - are loaded to Dropbox, they can be accessed on any device (smartphone, personal computer, netbooks, and so forth).įiles are also highly secure through a special encryption process. What Is Dropbox?ĭropbox was founded in 2007 and is a hosting service that provides cloud storage, file synchronization, and personal cloud services. Although the tech company consulted advisors in August 2016 about a public offering, an IPO date hasn't been set.Īnd without an IPO, there's no listing on a stock exchange and no stock price.īut because the Dropbox IPO is inevitable, we want to make sure our readers know everything about the company before it goes public. The simple answer is there isn't a Dropbox stock price yet. Save my name, email, and website in this browser for the next time I comment.
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