Dropbox is seeking a $US7.5 billion valuation in its coming IPO

Drew Angerer/Getty ImagesDrew Houston, the founder and CEO of Dropbox, at the annual Allen & Company Sun Valley Conference in 2016 in Sun Valley, Idaho.

Dropbox has announced plans to list 36 million shares when it goes public later this year.

The company estimated in a filing on Monday that each of those shares would cost $US16 to $US18. That means the company is seeking to raise up to $US648 million, or £467 million, from its public listing.

The midpoint of those pricing estimates would value the company at $US7.5 billion.

Additionally, the document filed by Dropbox said Salesforce’s ventures arm, Salesforce Ventures, had agreed to buy $US100 million worth of Dropbox stock.

The company filed for its initial public offering in February, saying it planned to trade on the Nasdaq under the ticker symbol DBX.

The S-1 form that Dropbox filed with the Securities and Exchange Commission showed that the company lost $US111 million on revenue of $US1.1 billion last year.

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.