In its regulatory filing, Dropboxreported 2017 revenue of $1.11 billion, up 31 percent from $844.8 million a year earlier.
The company said it has 500 million registered users, 100 million of whom have signed up since the start of 2017, but only 11 million paid users.
Dropbox, which was valued at $10 billion in its 2014 funding round, would be one of the biggest US enterprise technology companies to list domestically in several years.
This makes Dropbox the first of the many high-valued tech "unicorns" expected to file to go public in 2018. Or is it more like Atlassian, the successful workplace collaboration company that offers a more friendly point of comparison for Dropbox investors? In the same period, the company's net losses shrank to $112 million from $210 million.
Dropbox chief executive officer Drew Houston received restricted shares worth US$109.6 million and Arash Ferdowsi, who cofounded the firm with Houston, was handed stock worth US$46.7 million. Their shares will vest if Dropbox's stock achieves a series of price hurdles ranging from $20 to $60 within a decade of the offering's close, the filing said.
Dropbox's expenses have been driven by a swelling R&D budget, but the company became free-cash-flow positive in 2016. Like a lot of tech companies, the company's annual revenue has grown decently year-over-year, but it's still losing less than it did previously. Dropbox has demonstrated impressive growth since 2015, roughly doubling the number of paying users and revenue. It says it plans to list on the Nasdaq under the ticker "DBX". As per CNBC, the company's $500 million IPO matches precisely with its 500 million users, however, the digit is just a placeholder. Dropbox acknowledged that it had to pay more money to maintain all that extra copied data, but it's since "reduced this practice" over the years. If the point of comparison is Box, then Dropbox is staring at a downround IPO that would value the company at under $7 billion.
Because Dropbox plays in different markets like cloud storage and workplace software, it faces tough competition from some of the biggest companies like Amazon, Apple, Google, and Microsoft. That's a statistic that the company acknowledges it needs to improve.
Treasury Secretary Steven Mnuchin said the USA has now blacklisted virtually all ships being used by the North. The United States announced the largest package of new sanctions against North Korea on Friday.
There is so much that we can do to help people before it reaches that point, and I urge you please stay focused on that as well. On March 24, students are planning a protest march in Washington , with similar sister rallies planned across the country.
Four Democratic Governors say they're not waiting for President Trump or Congress to come up with a solution for gun violence. Why? There's plenty of talk about how to prevent mass shootings like the one last week at a school in Parkland , Florida.
Arsenal , at the Emirates, have lost just once in the last 27 matches since losing to Bayern last season. We don't want to repeat last season, so we are trying to fight to get our place in the Champions League .
And it didn't help the Cavs in that they had a nine day layoff between their last game and their first practice after the break. They're one of the most prolific 3-point shooting teams in the league and should bounce back following their rare off-night.
Israeli media have alleged that Prime Minister Benjamin Netanyahu's confidant, Shlomo Filber, will testify against him. Allegations of corruption have dogged Netanyahu for the past two decades, but he has never been charged with a crime.
In addition, a post-launch update will enable Windows 10 and Xbox One cross play for the FF XV multiplayer expansion Comrades . Save data from the Windows 10 versions of FFXV Windows Edition is compatible with the Xbox One version of FFXV .
Eric Greitens is stepping down from the group's executive committee following his indictment stemming from an extramarital affair. Greitens and GOP lawmakers have often clashed, with him comparing some to third-graders and labeling them "career politicians".
Instead, the State Department confirmed that consular offices in Jerusalem will be renovated and given the title of "embassy". One official said plans for May were simple: "A sign will be put up identifying the facility as the United States embassy".
Companies cut ties with NRA after Florida school shooting
Social media users have taken to Twitter in an effort to name and shame those companies and others for their NRA affiliation. Separately, vehicle rental company Enterprise said its three brands would end a discount program for NRA members.
Bollywood actress Sridevi dead at 54
In 2012, Sridevi returned to films after a 15-year-long hiatus with Gauri Shinde's movie English Vinglish . Though it was a complete Anil Kapoor's movie, but Sridevi still managed to make a mark with her character.
Rams agree to trade for CB Peters
With the added players in the secondary on their way, the Chiefs may have felt they had enough depth to trade Peters. It was later reported that his suspension by the team was also in part due to a spat with a coach .
Ivanka Trump set to watch some Olympic events
She was chatting with members of the delegation including South Korea First Lady Kim Jung-suk, while watching from the box. Like Pence, Ivanka Trump is not scheduled to meet any North Korean officials during her visit to Seoul and Pyeongchang.
YouTube removes video claiming Florida survivor is actor
Marco Rubio, R-Florida came forward in defense of the student on social media as the false theories continued circulating. But he said he would not presume to tell the students what to do, especially after what they witnessed.