Last year, several much buzzed-about tech companies, including Snapchat’s parent company and Blue Apron, the meal kit delivery service, went public - and then promptly disappointed investors, raising questions about the durability of these businesses.

The company is on track to join Spotify, the online streaming giant, on the public markets, with Uber, Lyft and Airbnb expected to follow suit in the next few years.ĭropbox’s filing has implications for other Silicon Valley unicorns, which are companies that were privately valued at more than $1 billion.

If Dropbox - last valued by private-market investors at about $10 billion - follows through on an initial public offering, it will become one of the highest-profile technology companies of late to seek a stock market listing. The company has filed documents to go public, people briefed on the matter said on Thursday. Now Dropbox, the online file storage company that is part of Silicon Valley’s closely watched pack of “unicorns,” plans to try its luck.

Few of those companies have made it out onto the stock market successfully. Silicon Valley has birthed many highly valued and hugely hyped start-ups in recent years, including Uber, Airbnb and Pinterest.

Will dropbox stock go up