Dropbox May Be Poised for an IPO — in 2013

The cloud-based storage provider should be a hot deal

   

It looks like Dropbox is talking to bankers to prep for an IPO, although, a deal isn’t likely to happen until the second half of 2013.

Dropbox is a top file-sharing service that makes it super-easy to store content across any platform, whether from the desktop or mobile devices like Apple’s (NASDAQ:AAPL) iPhone.  It now has over 100 million users, who save about 1 billion files every day.

For the most part, Dropbox has been aimed for consumers. But the company has recently moved into the enterprise market by adding features like security and file permissions.

All in all, IPO investors are likely to eat up shares of a Dropbox IPO (it looks like the current valuation is about $4 billion). Consider that cloud-based companies have been strong lately, as seen with offerings from companies like Workday (NYSE:WDAY) and ServiceNow (NYSE:NOW).

Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/ipo-playbook/dropbox-may-be-poised-for-an-ipo-in-2013/.

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