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Report: Dropbox files for IPO

Dropbox CEO Drew Houston
Dropbox CEO Drew Houston. Photo by Drew Angerer/Getty Images

File storage and sharing company Dropbox has filed confidentially for an IPO, according to Bloomberg. Goldman Sachs and J.P. Morgan are leading the offering.

Why it matters: Dropbox is one of the most-valuable tech companies to remain privately-held, having last raised money at a $10 billion valuation.