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Dropbox files for an IPO

Dropbox
Photo: Jaap Arriens / NurPhoto via Getty Images

Dropbox, a file storage and sharing company, has filed for a $500 million initial public offering.

  • Offering details: The San Francisco-based company plans to trade on the NASDAQ under ticker symbol DBX, with Goldman Sachs listed as left lead underwriter.
  • Financials: Dropbox is not profitable yet. It reported net losses of $210.2 million and $111.7 million in fiscal 2016 and 2017, respectively. Dropbox brought in $844.8 million in revenue during the fiscal year of 2016, and $1.1 billion in fiscal 2017.