Dropbox, a cloud storage company based in Silicon Valley's heart San Francisco, is listing on the Nasdaq under the stock ticker $DBX, according to its S-1 document unveiled by the Securities and Exchange Commission (SEC) on Friday. Dropbox was most recently valued at $10 billion and is now seeking to raise $500 million.*
"Our modern economy runs on knowledge. Today, knowledge lives in the cloud as digital content, and Dropbox is a global collaboration platform where more and more of this content is created, accessed, and shared with the world. We serve more than 500 million registered users across 180 countries," the S-1 document states.* Read more...