Dropbox curled the hammer throw today (23 Feb 2018) and (finally) filed IPO documents with the SEC. See https://www.sec.gov/Archives/edgar/data/1467623/000119312518055809/d451946ds1.htm and the ticker will be DBX.
I use DropBox - but only the free option. I fail to see how the company will make money, it will be difficult to move customers like me from a free option to a paid option. If they squeeze those on the free option then another competitor will simply step in and grab some market share. Anyone see where the profits are coming from in the short term?
Whether you support the DropBox IPO or not, it will be an interesting indicator as to how support for the technology market stands at the moment. There has been a significant fall in the number of IPOs in recent weeks.
Those behind DropBox are either extremely confident of the market or extremely foolish in choosing this moment to float. However, I totally agree, this will be the next big test of investor demand for technology shares. I still don’t get how the company will monetise its obvious popularity.
Why is one of the banks "behind" Dropbox already warning investors? http://uk.businessinsider.com/dropbox-analyst-say-stock-is-a-hold-not-buy-2018-4?r=US&IR=T Not exactly supportive?
Mmmmm not a good sign if one of the so called "supporting" bankers is going cold before the price is even announced?
DropBox shares tank but CEO confident on future:- https://www.cnbc.com/2019/08/09/dropbox-ceo-defends-road-map-to-keep-the-service-relevant.html
