Dropbox’s IPO price is between $16 and $18 per share.

Acording to Bloomberg, “The company’s revenue increased more 30 percent last year to $1.1 billion from $845 million in 2016. In the same period, the company’s net losses shrank to $112 million from $210 million.”

Goldman Sachs Group Inc., JPMorgan Chase & Co., Deutsche Bank AG and Allen & Co. are leading the offering. The largest shareholder, Houston retains 24 percent of Dropbox after selling 2.3 million shares in the offering.