Dropbox privately filed for its IPO just last month as the company built expectations for a public offering over the previous year. Dropbox's full IPO disclosure is available here. It is looking to raise $500 million.
Dropbox reported 2017 revenue of $1.11 billion, compared with $844.8 million a year earlier.
Dropbox has previously had an estimated value of $10 billion.
Additionally, Dropbox created $1.11 billion in revenue past year, an increase of 31% over 2016.
The company is not yet profitable, having lost almost $112 million a year ago. It lost $112 million in 2017, down from $210 million in 2016.
The California-based digital storage firm with 11 million paid users across 180 countries said that about half of its 2017 revenue came from customers outside the United States. But like many tech companies going public, Dropbox is not profitable.
It raised almost $2 billion in venture capital and reportedly hit a $10 billion valuation on the private market in 2014.
With the filing we see that the largest shareholder is Sequoia Capital, which owned 23.2% of the overall shares outstanding. Notably, Dropbox's founder, Drew Houston remembers an intense interaction with Steve Jobs when he called Dropbox "a feature, not a product". This is a large stake.
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