Dropbox looks to push user subscriptions before possible IPO

Dropbox Inc introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects

By: Bloomberg | Published:October 18, 2017 2:03 pm
Dropbox, cloud storage, Dropbox features, Dropbox paid subscription, Dropbox Professional, Dropbox Business, file-sharing, syncing services, portfolio, Dropbox subscription charges, Google, Microsoft Dropbox Inc introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects. (File Photo)

Dropbox Inc introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects, seeking to lure more paying customers ahead of an expected public share sale.

Dropbox Professional is a new tier in the company’s list of paid subscription plans and is intended for independent workers, while the existing Dropbox Business service is priced for teams or companies, said senior director of product management Robert Baesman.

The new Professional version goes on sale Tuesday for $19.99 a month per user, compared with $12.50 a month for the Business tier, which requires purchasing multiple subscriptions.The new option includes Dropbox Showcase, which lets designers, marketers and other employees organize all their work into a single portfolio with branding, captions and layouts. Showcase then lets them track whether the client receiving the portfolio looked at it, interacted with it or shared it.

Dropbox could file its initial public offering documents as soon as this year, people familiar with the matter said in July. The San Francisco-based company is a major seller of software for file-sharing and synchronizing, but is trying to boost revenue by providing new programs that help workers create, edit, share and track work projects. It’s a market that will put Dropbox even further into competition with companies like Google and Microsoft Corp.

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