The file-sharing company Dropboxfiled its S-1 form on Friday with the Securities and Exchange Commission, meaning one of the most anticipated initial public offerings in tech is well on its way.
In a filing with the Securities and Exchange Commission on Friday, Dropbox said it planned to raise up to $500 million in the offering, and meant to use the money for a variety of purposes, including potential acquisitions. Arash Ferdowsi, who co-founded the firm with Houston, and Quentin Clark, who oversees engineering, product and design, got shares worth $46.7 million and $34.1 million, respectively.
Dropbox has done very well over the past two years. Clark's stock vests over five years.
Dropbox just filed for its initial public offering and will trade on the Nasdaq under the symbol DBX.
Threats Against Schools Increase Since Florida Shooting Dozens of weapons, including semiautomatic rifles, handguns and ammunition, were recovered from the home of one of the suspects. Most of the threats have come from California, with Pennsylvania, New York, Florida, and IL rounding out the top five.
Some details we're learning about Dropbox thanks to its first public filing: the company's revenue has been increasing for the past three years, growing from $603 million in 2015 to $1.1 billion last year. The company hopes its IPO will give it the cash it needs to beat out rivals that also offer cloud documents, storage, and collaboration (like Box, Microsoft, and Google), as well as retain the individual users that have fueled most of Dropbox's growth.
CNBC notes that Dropbox's $500 million IPO matches up exactly with its 500 million users.
The big question is whether the company will achieve the $10 billion valuation it raised in the private markets.
Dropbox's move to go public isn't all that surprising, but it is an important step for the company and the larger tech industry. The service has 11 million paying users, but most of its more than 500 million users don't pay for the service. That will be the first time a tech company of its size chooses to avoid a traditional IPO process and instead publicly list its shares without issuing any new ones.
Instant Pot wrote on its Facebook page earlier this week explaining the issue surrounding the Gem 65 8-in-1 Multicooker. The comments have been turned off after five comments were posted, but the post has been shared over 250 times.
It's no easy feat but if the Gunners can take De Bruyne out of the game, they will go a long way to breaking down City's attack. Wenger also disagreed with his opposite number ( Pep Guardiola ) in the final on his call for extra protection for players.
The sale is being held by Boston-based auction house RR Auction , and takes place between 8 and 15 March, says Alphr . The Daily Telegraph says he didn't secure a technical role until he joined Atari as a technician in 1974.
A woman has been taken into custody after reportedly ramming a white minivan into a security barrier outside the White House. March 2017: A man armed with pepper spray spent more than 16 minutes inside the White House grounds after jumping the fence.
He accused then-Dolphins teammate Richie Incognito of bullying in 2013, leading to the suspension of Incognito. The Los Angeles Times confirmed that it was because of Martin - a 2008 graduate of the school.
The National Weather Service said the Sioux Falls regional airport received about 3.6 inches of snow overnight. WINTER STORM WATCH REMAINS IN EFFECT FROM SATURDAY AFTERNOON THROUGH LATE SATURDAY NIGHT .
Forecasters at the Weather Service's Portland office say that snow showers will be decreasing this morning from north to south. Snow may return this evening and temperatures may drop to the low 20s tonight , according to the National Weather Service.
Turkey's military has said it hit a convoy carrying weapons and ammunition in the countryside of a Kurdish-held enclave in northern Syria.
Chicago Father Charged With Horrific Murder Of Toddler Son
There are other children in the family who will stay with their mother, though none were home at the time, Deenihan said. Chicago Police and Cook County Medical Examiner's Office told the Sun-Times that Mateo was pronounced dead at the scene .
General Mills buying Blue Buffalo for $8 billion
ASIA'S DAY: The Shanghai Composite Index gained 0.6 percent to 3,289.02 and Tokyo's Nikkei 225 advanced 0.7 percent to 21,892.78. General Mills is one of several consumer-product giants focusing on pet care, a US$30 billion market in the USA alone.
Stoneman Douglas Student: 'I Am Not a Crisis Actor'
With more and more people smearing him and claiming he's part of some conspiracy theory , David isn't paying them any mind. Trump Jr "Liked " this post on Twitter . @thomas paine re-tweeted the entire True Pundit article and Donald Trump, Jr .
Sharad Pawar criticises PM Modi, praises Rahul Gandhi
Pawar, however, praised Congress president Rahul Gandhi for his willingness to learn, travel and interact with the people. He said things were different during former BJP PM Atal Bihari Vajpayee's time when people were respected and heard.
Michael Porter Jr. cleared for all basketball activities
And at the end of the day, the most important thing is. his well-being and his health and to make sure he's good to go. Porter (back) was fully cleared for all basketball activities on Thursday, Jon Rothstein of CBS Sports reports.
SpaceX launches broadband Starlink test satellites
The two satellites will try to deliver the message "Hello, world" when they pass near Los Angeles on Friday morning, Musk said . Setting up a network of satellites just screams "I'm going to attempt to take over the world and lead it into a new age" to me.
KFC Says 'FCK' in UK Apology Ad
The tongue-in-cheek ads featuring an empty chicken bucket emblazoned with FCK immediately won fans for clever humor. In an update Monday, it listed nearly 300 stores as open, but did not say when the rest might join them.
Sony Xperia XZ2 and XZ2 Compact surface ahead of MWC debut
In another big design shake-up, the fingerprint scanner has moved from the side of the phone , to the rear, underneath the camera. The larger XZ2 gets a larger 3,180mAh battery compared to the Compact's 2,870mAh cell and the former also gets wireless charging.