Salesforce is set to exit the file storage and sharing platform, which has filed to go public after raising more than $1.7bn in debt and equity financing.
Dropbox, a US-based cloud collaboration platform backed by enterprise software provider Salesforce, filed on Friday to raise up to $500m in an initial public offering on the Nasdaq Global Select Market.
Dropbox has created a cloud-based file storage and sharing platform with more than 500 million registered users, more than 11 million of which pay for subscriptions. It cut its full-year losses from $210m to $112m in 2017 while growing revenue from $845m to $1.1bn.
The offering will follow…
