Dropbox, a cloud-sharing tech giant which offers photo and music storage for free, is thinking about entering the public market by hiring underwriters for a public offering policy, similar to Snapchat.
Despite Snapchat’s recent initial public offering (IPO) which warned other companies over their shares that stayed just above the original price, Dropbox now requires a fee, depending on how many people access it per company; which helped the programme generate to US$1 billion this year.
Recently developing SmartSync, Dropbox users are also able to access all of their files directly from their desktop via a local hard drive or the cloud.
According to Wired, if Dropbox carries on its IPO, it could benefit like Box, a cloud content management programme whose IPO was valued at roughly US$1.67 billion in 2015.
Written by Leah Alger