Dropbox IPO filing shows more than $1B in annual revenue

Dropbox hopes to upload 500 million files to its account. Little green files, with pictures of presidents on them. The cloud-based file-storing and -sharing company submitted paperwork Friday to raise up to $500 million in an initial public offering. Apple's Steve Jobs once famously wrote off the Dropbox service as a "feature, not a product," but that didn't stop the company from becoming one the first and largest Silicon Valley unicorns, or businesses valued at more than $1 billion. Dropbox lets you easily upload computer files to a storage drive in the cloud. From there, you can access them on other computers or share them with friends and co-workers. There's a free version, as well as a "premium"

Source: Yahoo News