Web-storage company Dropbox Inc. raised the curtain Friday on its long-awaited initial public offering, which is set to be one of the biggest tech debuts of the past few years.
The 11-year-old company’s financials, revealed in a public filing, paint a picture of a firm with more than $1 billion in revenue, shrinking losses and roughly 11 million paying users. Still, revenue growth has slowed and the vast majority of its more than 500 million users don’t pay.
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