Dropbox IPO's for $500 Million - What's Next for Tech IPO's in 2018 - TheStreet

Dropbox IPO's for $500 Million - What's Next for Tech IPO's in 2018

Now that Dropbox, Inc. has filed for IPO, What's next for the tech IPO Market? The New York Stock Exchange clocked 88 new listings in 2017, including notable ones like Snap SNAP and Blue Apron. Could the floodgates be opening? Watch the video for more.
Author:
Publish date:

Dropbox, Inc. Files for IPO

Dropbox Inc. reportedly filed for $500 million IPO. The cloud storage company filed the paperwork on February 23, 2018. The company has made $1.1 billion and $845 million in sales in 2017 and 2016 respectively Since the company was founded in 2007, many other competitors, like Google Docs, have encroached on the market The San Francisco company is valued at $10 billion , based on its latest private funding round in 2014.

Tech IPO Markets Look Stronger, But Don't Count on the Floodgates Opening

The New York Stock Exchange clocked 88 new listings in 2017, including notable ones like Snap (SNAP) - Get Report and Blue Apron (APRN) - Get Report .

Even though the tech IPO activity has picked up in recent months, TheStreet's Eric Johnsa says it would be quite right to say that the market is booming.  Read his story: Tech IPO Markets Look Stronger, But Don't Count on the Floodgates Opening.

Meantime, TheStreet's Scott Gamm caught up with John Tuttle, the New York Stock Exchange's global head of listings who has a little different take on what to expect in 2018.

"If you look at how the markets are right now -- the conditions for IPO are ripe - the IPO window is open," he said.

This video is an editor's pick, it first published December 26, 2017