The story behind the Dropbox IPO
Data sourced from the PitchBook Platform
NASDAQ: DBX
ticker symbol
$21
price per share
36 million
proposed Class A
shares for sale
$756M
to be raised from IPO
2017
revenue
$1.1B
Total revenue
30% YoY
$112M
Net loss
88% YoY
500 million
Registered users
11 million
Paying users
Customer
base
Dropbox's Board of Directors
Drew Houston
Co-founder & CEO
Dropbox
Arash Ferdowsi
Co-founder & former CTO
Dropbox
Donald Blair
Former CFO
Nike
Bryan Schreier
Partner
Sequoia
Meg Whitman
CEO
NewTV
Former CEO
Hewlett Packard
Paul Jacobs
Former CEO and
executive chairman
Qualcomm
Robert Mylod, Jr.
Managing Partner
Annox Capital Management
Former executive
The Priceline Group
Condoleezza Rice
Stanford professor
Former US Secretary
of State
Shareholders &
percent of ownership
Drew Houston
25.3%
Sequoia
23.2%
Arash Ferdowsi
10.3%
Accel
5%
T. Rowe Price
3.5%
*Shares beneficially owned
before the offering
$607M
Total VC funding
to date
1,858
Employees
11
Years to IPO
Equity Funding Timeline
2007
2011
2009
2017
2008
2010
2015
2013
2012
2016
2014
Valuation Timeline
2007
2011
2009
2017
2008
2010
2015
2013
2012
2016
2014
$5M
Post-Val
$4B
Post-Val
$25M
Post-Val
$10B
Post-Val
Founded
Seed
$1M
Series A
$6M
Series B
$250M
Series C
$350M
Request a free trial
Discover more industry trends with the PitchBook Platform,
the most comprehensive database covering the private and public capital markets.