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.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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