Dropbox Files for IPO of Up to $500 Million

Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.

The company said it plans to have its common stock listed on the Nasdaq under the ticker symbol “DBX”.

Goldman Sachs & Co LLC, J.P. Morgan and Deutsche Bank Securities are some of the leading underwriters for the IPO.

SOURCE: Reuters