Dropbox stock public1/12/2023 ![]() ![]() CNBC's Anita Balakrishnan and Leslie Picker contributed to this report. is offering to sell 26,822,409 shares of Class A common. were among the top underwriters for the company's IPO. This is an initial public offering of shares of Class A common stock of Dropbox, Inc. They have yet to demonstrate a monetization plan beyond the premium membership. The company has been named to CNBC's Disruptor 50 list five times as a company whose innovations have revolutionized its industry and the way we live. I dont think there is an imminent IPO forthcoming from Dropbox at this time. Get the latest Dropbox Inc (DBX) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. and importantly all our growth has happened in that environment," Houston said. ![]() "We've always lived in a competitive environment. That's somewhat unique in the cloud storage industry, where enterprise sales often drive income.ĭropbox, which faces some stiff competition in giants such as Amazon, Apple, Google and Microsoft, raised its long-term profit outlook for expanded margins in confidential documents revealed to investors and seen by CNBC. ![]() The company says more than 90 percent of Dropbox's revenue comes from individual users purchasing subscriptions. The company posted a net loss of $111.7 million in 2017, a narrower loss than 2016's of $210.2 million.ĭropbox has been facing steep expenses driven by a growing R&D budget but became free-cash-flow positive in 2016. ![]()
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