Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said. Dropbox is talking to other banks this month to fill additional roles on the IPO, the people said. Representatives for Dropbox, Goldman Sachs and JPMorgan declined to comment. Dropbox joins a growing list of large tech companies preparing to go public in the U.S. early this year. Taking on the risk of lending to a private company typically can help a firm’s chances in underwriting an eventual IPO.

Source: Los Angeles Times January 11, 2018 19:52 UTC