Dropbox, a San Francisco-based company that lets users and businesses store and manage files online, has filed confidentially to go public, people familiar with the matter told The Wall Street Journal.
Although Dropbox has struggled to meet the expectations of its February 2014 valuation of $10 billion, its IPO stands to be one of the largest tech IPOs in 2018, according to WSJ.
Dropbox, which faces competition from tech giants such as Google and Microsoft, is among the leaders in offering online storage space for businesses, according to market-research firm Gartner Inc.
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