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06.02.2017

Snapchat, Dropbox, Spotify – 3 tech IPOs to look forward to this year


2017 has been called the year of the tech IPOs (initial public offerings). A lot of tech giants are looking to go public this year - from social network Snapchat through cloud storage Dropbox all the way up to music streaming Spotify. Will they be tops or flops? This might determine not only the future of these companies, but also of their entire industries. Here’s what we know so far:

 

1. Snapchat


Snapchat is obviously the heaviest hitter - its IPO will be the biggest in social media since Twitter. And it’s just around the corner. Recent documents revealed that the valuation is about to be happening as soon as early march. The valuation is about to hit somewhere around 25 billion US dollars. With 158 million daily users and 2.5 billion Snaps created every day, the relatively young company is hoping to set a precedent for great tech IPOs in 2017. However it does, as so many tech startups, still struggle to make profit.
 

2. Dropbox


Dropbox is another company that has been around for a while and might finally be ready to take the jump into the public domain. Its CEO Drew Houston recently said that the company is set for 1 billion revenue at the end of the year. Last summer, Dropbox announced it had 500 million registered users and its Dropbox Business had 200,000 people signed up. The IPO is expected late 2017.
 

3. Spotify


With 100 million users and 40 of them paying every month to enjoy music streaming, Spotify has had a significant impact on the music industry. Reports indicate that the company is looking for something between 11 and 13 billion dollars for a valuation in an IPO. That might not be that realistic according to TechCrunch, which will cause a delay that might push the IPO move to 2018.


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Sources: http://money.cnn.com/2017/02/02/technology/snapchat-ipo-filing/
https://techcrunch.com/2017/01/30/dropbox-1b-revenue-run-rate/
https://techcrunch.com/2017/02/02/sources-spotify-may-delay-ipo-to-2018-as-it-rethinks-licensing-deals/
Pic: ©pexels

 
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