Is this Dropbox cleaning up their balance sheet in an attempt to IPO?
There's a pretty loud rumor floating around, heck it was reported on CNBC today, that Dropbox can't come close to IPOing anywhere near its $10 Billion dollar valuation. Though Fidelity did mark them up slightly at the end of November!
And for better or worse, they are going to be closely compared to Box, which has been a pretty big disaster since IPOing. For the record, BOX is valued at 1.65 Billion currently. And it has an awful lot of short interest current( a measure of the ratio of shares sold short vs the total outstanding shares).
On the other hand, I thought Dropbox was squashing Box like a bug in terms of users. Not sure if that translates to revenue though. Wouldn't investors want the most profitable company to IPO?
There's a pretty loud rumor floating around, heck it was reported on CNBC today, that Dropbox can't come close to IPOing anywhere near its $10 Billion dollar valuation. Though Fidelity did mark them up slightly at the end of November!
And for better or worse, they are going to be closely compared to Box, which has been a pretty big disaster since IPOing. For the record, BOX is valued at 1.65 Billion currently. And it has an awful lot of short interest current( a measure of the ratio of shares sold short vs the total outstanding shares).