Cloud-storage company Dropbox has held meetings with advisors to talk about a potential IPO, according to Bloomberg. Conversations reportedly centered on gauging what the public market’s interest in the company may be and what sort of valuation could be expected. Dropbox was last valued at over $10 billion with a $350 million round in February 2014.
Over the past year, Dropbox CEO Drew Houston has said on multiple occasions that the company had no plans of going public anytime soon, though that narrative seems to have changed. And while these talks are said to have been in the early stages, it's interesting to know that the company is seriously considering a public offering. Once touted as a figurehead of the startup community, Dropbox has fallen on some tough times in recent years. Failed product launches, loose spending and an enterprise business that has yet to really take off are just a few issues that have pestered the company.
PitchBook users can see the company's investors and full funding/valuation history here.