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Dropbox Amendment to Form S-1
- chirau 9y agoAny idea when they are going to ring the bell? I want to get in very very early on this one. Very early.
- czbond 9y agoWhy? What avenues of growth do you see that they have not explored?
- Quarrelsome 9y agojust because they want to get in early doesn't mean they want to hold long term. If everyone did "firm foundations" the markets would vaguely make sense but I feel like the "castles in the sky" is often more prominent which is a big part of why markets are so noisy and hard to read.
- WingH 9y agoVery very early was a decade ago when they were looking for investors :)
- chirau 9y agoJesus Christ! What is wrong with people here on HN? Why am I being downvoted for asking when a stock is going to start trading? Wow
- xapata 9y agoPerhaps because it's not an interesting comment.
- paulie_a 9y agoAttempting to find out when a stock starts trading in a thread about an IPO isn't interesting? It's 1999 again
- dang 9y agoIt can be vexing when people downvote your comments but please don't break the site guidelines by going on about it. That only ever makes the thread worse. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- timdorr 9y agoTechCrunch is saying this month: https://techcrunch.com/2018/03/12/dropbox-ipo-range/ https://techcrunch.com/2018/03/12/dropbox-ipo-range/ However, I was under the understanding this process takes 2-3 months.
- philg_jr 9y agoCNBC said the execs and bankers are going to be traveling to NYC and Boston this week to pitch to investors, and it is scheduled to be trading "late next week."
- obi1kenobi 9y agoOther interesting excerpts: - "Salesforce Ventures LLC has entered into an agreement with us pursuant to which it has agreed to purchase $100,000,000 of our Class A common stock in a private placement at a price per share equal to the initial offering price." - "Following this offering, outstanding shares of Class B common stock will represent approximately 98.0% of the voting power of our outstanding capital stock." Class B shares get 10 votes per share, so presumably reserved for the founders. This seems to be a very high fraction.
- cdolan 9y agoIt’s not uncommon, from my understanding, for founders/families to have almost all of the voting control in a public company. I think it’s a misplaced assumption that the public has a proportional interest in voting equal to their amount of shares, or % ownership.
- ggg9990 9y agoIt’s not uncommon today, but was virtually unheard of until Google did it.
- kloncks 9y agoYes it was. See Newspapers/media barons.
- kaycebasques 9y agoWhich ones?
- atypeoferror 9y agoNew York Times is a good example: https://en.wikipedia.org/wiki/The_New_York_Times#Ochs-Sulzberger_family https://en.wikipedia.org/wiki/The_New_York_Times#Ochs-Sulzbe...
- 9y ago
- braderhart 9y agoNot really sure why this is front page here. Dropbox is a sinking ship.
- deleted 9y ago[deleted]
- castis 9y agoFor those of us not on your level, can you explain?
- braderhart 9y agoDropbox has always been a bit of a mystery to me. Always eating resources, can't provide changelogs, and terrible customer service. File sharing services are a dime a dozen now, heck Nextcloud is free and does more than Dropbox. No one just uses Dropbox anymore unless it was forced on their phone through some backroom deal. If anyone tries other providers they wouldn't switch back, there is no reason to anymore. They have nothing valuable to offer at this point but they want to make sure to grab as much money as they can on their way down.
- 4ndrewl 9y agoWhat are their user / revenue figures like?
- edanm 9y agoYou're being incredibly mean-spirited in your comments. More importantly, you're wrong. Lots of people (myself included) use and love Dropbox, and find it valuable. You're not actually saying anything specific in your comment, just "it's not valuable". Do you want to offer actual criticism?
- braderhart 9y agoJust said.. it always eats resources, no changelogs, and customer service doesn't respond (even when I was a paying customer).
- m3kw9 9y ago..is implied it will go up to 1 billion by EOD IPO.
- notimetorelax 9y agoRisk factors look interesting: https://www.sec.gov/Archives/edgar/data/1467623/000119312518078140/d451946ds1a.htm#toc451946_2 https://www.sec.gov/Archives/edgar/data/1467623/000119312518... > As of December 31, 2017, we served over 500 million registered users but only 11 million paying users. > We have incurred net losses on an annual basis since our inception. We incurred net losses of $325.9 million, $210.2 million, and $111.7 million in 2015, 2016, and 2017, respectively, and we had an accumulated deficit of $1,049.7 million as of December 31, 2017. > However, our rates of revenue growth are slowing and may continue to slow in the future. I thought they were better off. Or is it usual for startups when they go into IPO?
- beefman 9y agoMarket cap is expected to come in around 7.5B, which is 25% below the last private round. Is somebody getting a haircut here? https://news.crunchbase.com/news/dropbox-sets-reasonable-ipo-price-range/ https://news.crunchbase.com/news/dropbox-sets-reasonable-ipo...