Dropbox has filed IPO paperwork with the SEC confidentially, according to a Bloomberg report.
It's without a doubt one of the most highly anticipated tech IPOs of 2018. How the stock fares post-listing will be an ongoing focus for both Wall Street and the tech community - Snap shares are down 15 percent from its IPO last March. 500 million registered users around the world use Dropbox to work the way they want, on any device, wherever they go. It's also been profitable, excluding interest, taxes, depreciation and amortization.
Dropbox could be one of the biggest USA enterprise technology companies to list domestically in recent years. Some critics called it too high compared to what the value would be on public markets. The service works by Dropbox creating a special folder on the a computer. Houston, the company's chief executive, said last January that Dropbox was on a pace to collect $1 billion in sales on an annualized basis and had positive free cash flow.
Myanmar: Reuters journalists must be released
The military has severely restricted access to northern Rakhine state to journalists, aid groups and observers. The government has denied that their arrests represent an attack on press freedom.
Here are all the allegations against James Franco
The actor addressed the controversy surrounding him during an appearance Wednesday on " Late Night with Seth Meyers ". Actress Ally Sheedy also said in a since-deleted tweet that Franco was an example of why she left the movie business.