$10 billion Dropbox has filed the paperwork for an IPO

Dropbox, the cloud computing storage company valued at $10 billion, has confidentially filed the paperwork for an IPO, according to a Bloomberg report on Thursday citing anonymous sources.

The IPO is expected in the first half of 2018, Bloomberg reported, marking the first high-profile tech listings of the year, following Snap's dissapointing IPO in 2017. Uber, the most highly valued private tech company, is not expected to go public until 2019.

San Francisco-based Dropbox had been expected to list shares in an offering this year, after news surfaced last year that it had retained investment bank Goldman Sachs. Bloomberg reported Thursday that JP MorganChase has also been tapped to underwrite the widely anticipated IPO.

Dropbox's financials results are not publicly known, but the company said in January 2017 that it was on track to generate $1 billion on an annualized run rate. CEO Drew Houston said in June 2016 that Dropbox was "cash flow positive," an important guage of financial health, though not the same as a business being net profitable.

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