The idea for Dropbox came to Drew Houston (CEO) in 2007, when he was studying at MIT. Now that you know the background of the storage company, here's how it all got started. For its "Enterprise" account, Dropbox negotiates the prices directly with the business.ĭropbox's services have proven to be quite popular.įrom the last known publicly available data, Dropbox said it had 500 million sign-ups as of March 7, 2016, and roughly 200,000 business customers as of July 11, 2016. An "Advanced" account costs $20 per month and provides users with unlimited cloud storage space. For more storage space and features, customers can upgrade their accounts.Īccording to the Dropbox website, a "Standard" account costs $12.50 per month and provides 2,048 GB of storage space.
These files are secured through a special encryption process.ĭropbox offers a "freemium" model with limited storage capacity. Individuals and businesses can conveniently access documents, pictures, and videos loaded onto Dropbox from any device (personal computers, netbooks, smartphones, and so forth). Special Report: Cannabis Is the Gold Rush of the 21st Century - 30 Stocks to Invest in Now. How Does Dropbox Work?įounded in 2007, Dropbox is a hosting service that provides cloud storage and file synchronization. Our Dropbox stock and IPO guide will show you everything you need to know about the company so you can be fully prepared ahead of the IPO, including how to profit from Dropbox right now. According to a June 30 Reuters report, Dropbox is currently seeking underwriters for a public offering and interviewing them throughout July.Įver since the digital storage company raised $250 million in a 2014 funding round, leading to a $10 billion valuation, Wall Street has speculated when a Dropbox IPO would happen.Īnd now it looks like it could be just months away. While there isn't an official Dropbox IPO date yet, Dropbox could go public in Q3 or Q4 of 2017, a theory supported by how quickly it's looking for underwriters. Stock and IPO Guide to help you prepare ahead of the cloud storage company's IPO, including a way to profit from Dropbox even before it goes public. Today, we are bringing you our Dropbox Inc. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published.
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