The Presidential Daily Brief


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    Report: Dropbox Files Confidentially for IPO

    There’s a cloud on the horizon. The file-sharing company, which stores users’ data in the cloud, has reportedly made a secret filing for an IPO and plans to go public by the end of March, according to insiders. It’d be the most valuable tech IPO since Snap — Dropbox was valued privately at $10 billion — but unlike Snap, Dropbox is already profitable. The move, if successful, could spur potential IPOs from companies like Airbnb and WeWork, who may have been put off by sluggish debuts from Snap and Blue Apron.

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