"Its valuation based on recent funding in the group stands at around $10 billion, making Dropbox one of the biggest Silicon Valley venture-backed "unicorns," or startups with a private valuation of more than $1 billion. "The market is hot right now," tech analyst Rob Enderle of Enderle Group said while discussing the move by Dropbox to go public with shares. "If you are going to do an IPO (initial public offering), you are in the window. "Our market opportunity has grown as we've expanded from keeping files in sync to keeping teams in sync," the company said in the filing. "We believe the need for our platform will continue to grow as teams become more fluid and global, and content is increasingly fragmented across incompatible tools and devices.

Source: Economic Times February 25, 2018 06:00 UTC