The market also backed the Swedish streaming company to do that by valuing it at $26.5 billion.
This is a pretty similar outlook to that taken with this year's other big tech IPO, Spotify, which has a lot of 'freemium' users that it wants to convert to paid subscribers to reach profitability. "But I think the market success is probably related to brand perception and the potential of growing for Dropbox in the enterprise market (transforming usage of personal Dropbox into corporate Dropbox service)." "We cannot comment on the IPO per se," she said. That's a nearly 5x valuation discrepancy between the two rivals, and although both companies have refused to comment on the number for Computerworld UK, Basso has some thoughts. Dropbox on the other hand floated earlier this year, with shares jumping as high as $31.60, giving the company a valuation of over $12 billion.
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