Dropbox is preparing IPO documents with Goldman Sachs

Founder/CEO of Dropbox Drew HoustonSteve Jennings / Stringer / Getty ImagesDropbox CEO Drew Houston may soon take his company to IPO.

Dropbox is inching closer to an IPO and is currently working with Goldman Sachs on the paperwork for an offering, Bloomberg reports.

The file hosting service, last valued at $US10 billion in 2014, is close to hiring Goldman Sachs as a “lead adviser” for an IPO that could happen as early as this year, according to the report.

Goldman Sachs declined to comment to Business Insider. Dropbox did not immediately respond to a request for comment.

It was reported in late June that Dropbox was in the market for underwriters, and was set to start interviewing investment banks in July.

Get the latest Goldman Sachs stock price here.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.