Dropbox IPO prospect
Bloomberg reports Dropbox has talked to advisors about an IPO.
The privately owned file sync and sharer's CEO and co-founder, Drew Houston, has previously dissed the IPO idea. Apparently the talks were exploratory with no decision being made. Dropbox does not make a profit but it is free cash flow-positive. It has half a billion registered users but only 200,000 paying business customers. Competitor Box went public last year. ®