Dropbox Pursuing IPO at $4 billion valuation
Dropbox last round of funding around early 2012 was conducted at $250 million valuation. Therefore, it is likely that the company is moving towards flotation. Overall, the company has raised a total of $257 million to date. That said, Dropbox is cash-rich and profitably at the moment, perhaps enabling it ample flexibility on when it pulls the trigger on an IPO. Strategically, Dropbox increased its focus on corporate customers closing in on Box as its main competitor. The recently revamped ‘Teams’ feature enables small businesses and managers control over use, thereby increasing the attractiveness of the service to the business segment.