Dropbox, the provider of a cloud-based platform that enables users to store and share content, said in a new S-1 filing that it plans to sell 36 million Class A shares at $16 to $18 apiece. That's well behind the $10 billion that it was valued at during its last round of private financing in 2014. Adding in the value of restricted stock units lifts the company's valuation to around $8 billion.
Dropbox also revealed that it had sold $100 million worth of stock to Salesforce Ventures in a private transaction.
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National Security Adviser Chung Eui-yong arrived in Beijing on Monday morning and met with Chinese State Councilor Yang Jiechi. Chung and Suh briefed President Moon Jae-in for about an hour on Sunday after returning from their meeting with U.S.
Dropbox, which was valued at $10 billion in its 2014 funding round, would be one of the biggest USA enterprise technology companies to list domestically in several years.
Dropbox will probably not initially be loved on public markets as much as it was by venture capitalists. Existing shareholders, including founders Drew Houston and Arash Ferdowsi, will offer another 9.2 million shares for sale, and the underwriters have an over-allotment option for 5.4 million more shares.
Dropbox company has touted its business as a path to unleashing creative energy and inspired work.
PDP sacks Drabu for saying Kashmir not a political issue
This, however, failed to impress the party leadership, which chose to sack Drabu.The decision was later conveyed to Governor N.N. Drabu's assertions evoked sharp criticism from the opposition National Conference and separatist leader Yasin Malik.
Meanwhile, Dropbox said it now has 11 million paying users, which is far less than the 500 million registered users who access its services for free.
In its regulatory filing with the Securities and Exchange Commission, Dropbox reported 2017 revenue of US$1.11 billion, up 31 percent from US$844.8 million, a year earlier.
While the company is inching closer to profitability, Dropbox outlined in its deal prospectus its focus to get more of those users to pay up. In the same period, the company's net losses shrank to $112 million from $210 million.
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To indicate that Alexa is listening after completing her utterance, the blue light will be displayed for a few seconds. The new feature is called Follow-Up Mode , and it has to be enabled by users before it can be used.
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