Dropbox seeks to hire IPO underwriters, sources say

Data-sharing business Dropbox is seeking to hire underwriters for an initial public offering that could come later this year, which would make it the biggest US technology company to go public since Snap, people familiar with the matter said on Friday.
 
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.
 
Several big US technology