There is currently a very interesting rumor circulating around the online storage world about the Silicon Valley big player, Dropbox.
According to a report from Quartz, the provider is planning to go public later this year. The report states the online storage giant is already in talks with banks in preparation for an IPO to acquire market perceptions, and also that the company is likely to be valued at approximately $4 billion.
Dropbox, which is considered to be one of Silicon Valley’s hottest start-ups, has managed to raise some significant funds since entering the online storage arena five years ago. The company demands a total venture capital funding of $250,000,000 from several investors such as Sequoia Capital, Y Combinator, and Accel Partners.
The start-up made its name by offering a solution to users’ online storage needs and has managed to gather more than 100 million users from that Market.
The company recently revealed its enterprise solutions for corporate users through its expansion into the IT administrative area.
Dropbox’s new software gives IT administrators some impressive control with the ability to monitor which users have viewed a file and also when it took place. Furthermore, it gives the administrator power to grant or withhold file permissions.
If these rumors turn out to be true and Dropbox goes public, it will be following in the footsteps of a number of other technology companies that have done so in recent years.
Lately, technology IPOs such as those of Groupon, LinkedIn, Zynga and Facebook, have been experiencing rather turbulent times. The online storage provider’s move could mean they have learnt from past IPOs and are solidifying business before going public. It will now have to see if shareholders will reward the company for its wisdom.