Dropbox Secures $600M Credit Line Ahead of Expected IPO
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Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#2Why can't regular folks seem to get in on an IPO? (Admittedly, I don't understand how all the stock stuff works. It just seems like only big investment firms are the ones that are able to do initial investments.)
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#3[Disclaimer: I used to work at Dropbox.]
TL;DR: The only actual news here is the new line of credit. The folks involved in securing that line of credit only noted that it was secured since the previous line of credit had expired.
There's no real tie to any IPO news here, and the quotes about an IPO come from "potential advisers" and seem to be entirely unrelated to the line of credit news.
> While the company hasn't set specific timing, potential advisers believe it will be ready to go public by the end of this year. Dropbox and its lenders declined to comment.
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#4Dropbox are utter clowns and I've personally seen them delete data on two separate accounts.
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#5[deleted]
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#6Why can't regular folks seem to get in on an IPO? (Admittedly, I don't understand how all the stock stuff works. It just seems like only big investment firms are the ones that are able to do initial investments.)
Yes, regular folks can get in on an IPO. That's kind of the point - floating the shares publicly. Sign up for IPO's through your broker.
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#7Why can't regular folks seem to get in on an IPO? (Admittedly, I don't understand how all the stock stuff works. It just seems like only big investment firms are the ones that are able to do initial investments.)
Why can't you?
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#8Why can't regular folks seem to get in on an IPO? (Admittedly, I don't understand how all the stock stuff works. It just seems like only big investment firms are the ones that are able to do initial investments.)
[deleted]
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#9Can't say I'm a huge fan of Dropbox
Re: Dropbox Secures $600M Credit Line Ahead of Expected IPO
#10One concern about Dropbox I have is its inability to establish itself beyond its File Storage / Syncing software. Salesforce.com, in comparison, has been acquiring companies left and right. Notable acquisitions of Dropbox, like Mailbox, have either shut down, or are nowhere on the impact map. As Dropbox user (albeit a free one), I don't find it useful for anything beyond synced storage (if there is any new addition in their interface, I might have missed it). After I started uploading pics on Google photos, I have little to store on Dropbox.
Synced storage might be big enough problem for it to continue to grow bigger, but I wonder if it's a meaningful moat. What if the storage + software gets commoditized to an extent that it becomes essentially free for most people?