Dropbox valued at $8B ahead of high-profile IPO, filing says

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The company is one of a class of well-funded, closely-watched technology companies that have achieved a private valuation of more than $1 billion.

There are 19 pre-IPO decacorns at present and many are watching with bated breath to see how Dropbox will perform, particularly in the aftermath of Snap's IPO in March 2017 and the volatile results that followed. Adding in the value of restricted stock units lifts the company's valuation to around $8 billion.

The gap between private valuations and public market aspirations highlights the disconnect between the premium that private investors put on potential innovation, and the financials-based analysis that public market shareholders are focused on.

The company filed its prospectus last month with the U.S. Securities and Exchange Commission. On a fully diluted basis including stock options, the mid-range of the IPO price range gives the company a market capitalisation of around United States dollars 7.4 billion. The first integration will be the integration of the Commerce Cloud and Marketing Cloud with Dropbox wherein companies will be able to create customized Dropbox folders within Salesforce Commerce Cloud and Marketing Cloud with the new digital asset engagement offering.

The company has adopted a three-tier share system in which co-founders Arash Ferdowsi and Drew Houston own a majority of the Class B shares that have no financial rights but have 10 votes for every Class A share vote.

Dropbox also plans a $100 million sale of stock to the venture capital arm of Salesforce, according to the filing.

The cloud storage company Dropbox was founded in 2007.

The San Francisco-based company has touted its business as a path to unleashing creative energy and inspired work.

Dropbox claims more than 500 million users in more than 180 countries, but the less-good news is that only about 11 million are paying for the privilege. Investors are sure to have questions for the file-sharing technology leader as it embarks on its marketing road show.

The San Francisco-based company reported $1.1 billion in revenue previous year, with a net loss of $111 million. In the same period, the company's net losses shrank to $112 million from $210 million.

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