The file sharing company wants to list on a public exchange in the first half of this year, the report said. Dropbox has enlisted Goldman Sachs and JP Morgan Chase to lead the offering, and is looking to add additional banks.
Dropbox isn't confirming the filing of the IPO paperwork, which doesn't require the company to go public by any certain date.
Dropbox claims 500 million people are on its software service that allows consumer and enterprise users to store and share files with one another. Not much is known about Dropbox's financials, other than it hit a $1 billion annual run rate in January 2017. If it does indeed go public, we'll learn the ins and outs of Dropbox soon.
Previous and related coverage
Updates to Dropbox Paper include previews, improved delete and archive features, and a new API endpoint for developers to create or edit Paper docs in their own apps.
The mobile updates include an improved user interface for smartphones and tablets, along with a complete redesign of the the Paper iPad app.