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Dropbox said it plans to list 36 million shares in its upcoming IPO

James CookMar 12, 2018, 16:11 IST

Drew Houston, founder and chief executive officer of Dropbox, attends the annual Allen & Company Sun Valley Conference, July 8, 2016 in Sun Valley, Idaho.Drew Angerer/Getty Images

Dropbox announced in a filing on Monday that it plans to list 36 million shares when it goes public later this year.

The company said in its filing that it estimates the price of each of those shares between $16 and $18.

The company filed for its IPO in February, and said that it plans to trade on the Nasdaq under the ticker symbol DBX.

Dropbox's S-1 form Dropbox that it filed with the Securities and Exchange Commission showed that it lost $111 million on revenue of $1.1 billion last year.

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Dropbox said it plans to list 36 million shares in its upcoming IPO

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