Dropbox is set to raise up to $720 million in its upcoming IPO, an amount greater than all of its equity funding rounds combined. The file-sharing company raised the price range for its public offering on Wednesday, taking another step in the march toward becoming the first big-name tech company to go public this year.
If Dropbox prices its IPO at the top end of its updated range, it will be valued at roughly $7.8 billion. That's down about $2 billion from the $10 billion valuation it reached with a private financing in 2014. The company's S-1 filing also notes that Salesforce, which participated in that 2014 funding round, will purchase $100 million worth of its stock in a private sale taking place immediately after the offering.
To visualize the numbers surrounding the high-profile IPO, we've put together this datagraphic:
This post was updated on March 21, 2018 with Dropbox's new price range.