Dropbox will conduct an IPO in March

The Dropbox cloud storage service will be conducted by IPO. The company published an application , writes TechCrunch.

IPO is planned to be carried out in March 2018. The company intends to attract $ 500 million, but, as TechCrunch explains, this figure does not talk about the real goals of the company. Initially, shares will cost $ 0.00001.

Dropbox is a unprofitable company. As a result of 2017, its revenue amounted to $ 1.1 billion, and an uncovered loss of $ 112 million, however, decreased compared to the previous year - in 2016 the loss amounted to $ 210 million, and in 2015 - $ 326 million.

According to Crunchbase, Dropbox since 2007 has attracted more than $ 1.7 billion investments. Its cost in 2014 was estimated at $ 10 billion.

Dropbox has more than 500 million registered users, of which 11 million people pay for subscription. The average income from one user is $ 111.9.