A $600 million credit line has been provided to Dropbox by JPMorgan Chase & Co, along with five other banks. The company is working towards an initial public offering and this line of credit is part of getting there.
The company has met with many bankers to discuss their plans for going public. No timing has been announced, but Dropbox could be ready for a public offering by the end of 2017. The business is nearing profitability and has become cash-flow positive with revenues of more than $1 billion.