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Public Storage latest news:

  • 02/23/2018 13:35:31

    Dropbox officially files for initial public offering

    Dropbox Inc. publicly filed for an initial public offering Friday, setting the stage for a long-awaited debut of a Silicon Valley startup that was valued at $10 billion in private investment four years ago. The cloud-based online storage network estimated that it would seek to raise $500 million in the offering, though that figure is typically a placeholder that will be updated in later filings. The company, which was founded in 2007, revealed growing revenue and shrinking losses in the filing. Revenue rose from $603.8 million to $844.8 million to $1.1 billion in the last three calendar years, while losses fell from $325.9 million to $210.2 million to $111.7 million in the same time period. Dropbox has raised more than $600 million in private funding, and was valued at $10 billion in its last round in January 2014, according to The Wall Street Journal. The company plans to list on the Nasdaq exchange under the ticker symbol DBX, and Goldman Sachs and J.P. Morgan are listed as lead underwriters among 12 banks named.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 02/19/2018 22:01:00

    NuStar, other energy partnerships simplify business models to spur growth

    HOUSTON, Feb 20 (Reuters) - Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth.

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