Dropbox Inc. has filed confidential initial public offering documents with the Securities and Exchange Commission and aims to list its stock in the first half of the year, according to a Bloomberg report Thursday. Dropbox shares are worth between $8.15 and $12.63, with the last private fundraising round valuing the business at $10 billion as of January 2014, according to a Wall Street Journal report. Unlike last year’s IPOs of Snap Inc. and Blue Apron Holdings Inc. , investors will be able to compare it with an already public direct competitor: Box Inc. . And the bankers reportedly leading the deal, Goldman Sachs and JPMorgan, will have an easier time assessing the company’s value and share price ahead of its listing.
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