The IPO will be a key test of Dropbox’s worth after it was valued at almost $10 billion in a private fundraising round in 2014.
Dropbox will begin interviewing investment banks in the coming weeks, the sources said, asking not to be named because the deliberations are private. Dropbox declined to comment.
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Snap, owner of the popular messaging app Snapchat, was forced to lower its IPO valuation expectations earlier this year amid investor concern over its unproven business model. Its shares have since lingered just above the IPO price, with investors troubled by widening losses and missed analyst estimates. It has a market capitalisation of $21 billion.
Still, for many private companies, there is increasing pressure to go public as investors look to cash out.
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