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With 500 million users in 180 countries, Dropbox seeks to raise $500mn in stock market debut

SAN FRANCISCO: Dropbox has filed for an initial public offering, seeking to raise an estimated $500 million for the Silicon Valley cloud computing storage startup. The San Francisco company claimed 500 million users in 180 countries and $1 billion in annual revenues in documents filed with the Securities and Exchange Commission. Dropbox said its shares will trade on the Nasdaq under the symbol "DBX." Its valuation based on recent funding in the group stands at around $10 billion, making Dropbox one of the biggest…