Early employees who received option grants in 2008 may have surpassed or be approaching the 10-year expiration date on the original grant of options. The filing occured on February 23 - and now that it’s finally happening, we should take a moment to discuss how we got here and what a Dropbox IPO means for employees.ĭropbox was founded in 2007 and officially launched in 2008. But in July 2017, the Securities and Exchange Commission expanded that to allow all companies to file this way.īy “secretly” filing an IPO, Dropbox doesn’t have to formally release the filing documents until 15 days before its roadshow, when company executives travel to make presentations to potential investors to generate excitement and interest in the IPO. When the Jumpstart Our Business Startups (JOBS) Act was passed in 2012, only companies with less than $1 billion in annual revenues could file confidentially. While certainly newsworthy, there was one factor in this particular filing that made it especially interesting: Dropbox filed confidentially, and may be the first of many non-public filings to come.
In January 2018, Bloomberg reported that Dropbox filed for an initial public offering (IPO) in the U.S.
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