![]() “We’re enjoying the flexibility, we don’t need cash because our customers are paying the bills, so we have the flexibility to go public when it’s right for us and when the markets are right. “As far as IPO is concerned, we are certainly charting a path to being a thriving public company, but step one is to build a great private company and that’s what we have been focused on and things like being free cash flow positive and being at this revenue scale are really important steps along the way”, he said. ![]() The announcement that Dropbox has reached the $1 billion mark for revenue run rate, becoming the fastest SaaS firm ever to do so, has certainly helped, removing the financial pressures that have hindered other businesses in the past. Speaking at the launch event for Smart Sync and Dropbox Paper in San Francisco, Houston confirmed that an IPO is still something that is being actively pursued, but it will only happen at a time that suits the company. Dropbox CEO Drew Houston has addressed the rumours surrounding the company’s potential public listing, saying that although it is still on the cards, he’s in no rush to make it happen. ![]()
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