dropbox has filed for an ipo confidentially.is bloomberg. ♪ vonnie: the house has voted to reauthorize the pfizer law that allows for surveillance -- earlier, the house rejected the amendment that sought to limit u.s. surveillance. the limitation of spying on foreigners' digital communications. however, that failed. the fisa bill is now through. it hasn't been a slamdunk. some lawmakers were looking for sticker limits. it has now passed. dropbox is said to have filed for an ipo confidentially. bloomberg's ipo reporter joins us to explain. sources have told you that the ipo is filed. >> it is filed. we expect this listing to happen in the first half of this year. dropbox is this $10 million filesharing company, one of the unicorns we've been watching who's been waiting for quite a while to list. we will be watching this closely. it comes in the ranks of spotify, another deal looking to list this year. wall street into laquon valley will be watching this deal very closely because of how snap performed. it listed in 2017. dropbox d

coming up, drop -- dropbox jumping into the public market.an the company avoid the pitfalls of going public? plus, changing passwords on -- passwords, locking up data on company-owned computers. those are some of the steps uber took to evade authorities in the past. we explain their wrigley program. facebook and twitter have been under scrutiny for how they deal with online harassment. now, shareholders are speaking out. but first, to our lead and an update on the massive chip of known as meltdown inspector. two of the exploits of applied to their chips. they deviously said their chips were unaffected. shares are falling and after-hours trading. for more, let's get to our bloomberg tech reporter, ian king. say initially and what have they now said? >> there was a conference call to explain what is going on. is they are saying there zero to little chance of this being affected. clearly that put them at odds with what intel was saying, that this was an industrywide problem, leading people to believe amd was a viable alternative. maybe it is an

today onscoop for you dropbox. thanks so much. coming up, another day and fromer dark revelation over. -- uber. this is bloomberg. in nook thetake off entire site. it is the only way to be sure. weaver'ss sigourney deliverance a classic line and the sci-fi classic alien and it is that line is the namesake for top-secret program uber has been keeping to keep police at bay. a man intimately familiar -- before that, he served as uber's head of communications in america. how did this button work? contacts give you some -- context first. -- them may have been problems with tax evasion, local labor laws and running against transportation laws so these authorities started raiding the uber offices abroad and it developed a tool where it could remotely disable all the computers from its headquarters and it would shut off all the computers so authorities do not collect evidence. >> is this something they used in the united states? >> we do have a statement from the uber saying like every company, we have security procedures in place. when i

tech firms are lining up to go public you could soon be buying a slice of the likes of spotify and dropbox analysts say the market for initial public offerings is that cold could total two hundred ninety billion dollars and twenty eighty the biggest i.p.o. expected isn't a new fangled startup. is saudi arabian oil mammoth goes ahead with its plans to sell five percent of its shares on global financial markets it will be the largest i.p.o. in history wealth up to one hundred billion dollars that could happen in the second half of the year what music streaming platform spotify is doing is somewhat less than an i.p.o. it's a direct listing avoiding raising capital and diluting already existing shaz spotify has already raised more than a billion dollars from private financing. in fact many companies are flush with private financing and don't need stock market cash right sharing company lyft just got a billion dollar injection from google parent out for that but it's expected to go public at the end of the year its rival may wait until two thousand and nineteen. cloud storage heavyweight dropbo

markets at least as new arrivals are concerned from saudi oil john di rocco to tech heavyweights like dropbox and lift analysts expect i.p.o.'s wasn't any stray a hundred billion dollars this year. also as the consumer electronics show picks off in las vegas we take a look at how digital assistants are making ever more inroads into a home. also bigger is not always better than israeli company is growing the smallest some also in the world that thrives even in the desert. this is the business as in berlin twenty eighteen is shaping up to get really exciting for investors a lot of companies plan to go public say the i.p.o. market may total two hundred ninety billion dollars this year let's have a look at who's going public their first and foremost we can see the largest i.p.o. in history worth up to one hundred billion dollars. as if saudi arabian oil mamas aramco goes ahead with its plan to sell only five percent of its shares on global financial markets music streaming platform spotify is doing a somewhat less than an i.p.o. it's a direct listing avoiding dilution of already existing share sp

essentially right now we trust third party providers such as icloud or dropbox to hold our storage andtos and things like that. in the future we'll be able to do this for free by using a file coin or a different type of coin, whatever it's called that sort of market, you're starting approach i.t. spending. when i think about that market as well as the store value which alone is already a $30 trillion tan, if we include the amount of money held in overseas banking, we get to a very small number of $10 trillion, which is basically 33% of just the store value use case >> i think the example in your report about dropbox is a very interesting one, because most people can relate to that. the notion that dropbo centrali centralized, because anybody with access to the server has access to your photos or whatever you're storing. no longer will that person with access to that server have access to your information >> correct >> how fast can we see this ramp because implicit in this call for this decentralized information is sort of the a displacement of a lot of other companies and business mode

drop off the just secured a -- dropbox just secured a large line of credit.ome sharing giant airbnb says it is ready for an ipo this year but is holding off. another ipo is the cell phone maker which booked billions in profits in 2017. siemen's health and technology company hopes to raise over 100 million euros. brent: these days companies are not just turning to stop markets to raise capital. they are printing their own money anyway. the initial point offerings or ico's, a crypto currency trends, by buyining digital tokens, you can help a company get the chick started needs. read all about the riches and ribbons -- ruins that can come from investing in ico's. bitcoin showing its volatility, taking a dive of 12.5%, dipping below the $15,000 mark. this after the chinese government has announced they want to start an orderly exit tf bitcoin mining in the country. investors are used to such swings, it is still up 15% on the week. normally it is the biggest vegetables that steal the show but one israeli company has gone smaller than ever before. they have made th

2018 would bring a string of new ipos from high profile private companies bloomberg is reporting dropbox filed confidentially for an ipo. the last valuation in the last round, $10 billion we don't talk about it as much as other candidates like uber and air bnb. spotify we've had information on recently >> couple years ago dropbox was one of the most highly anticipated ipos there might be some rationalization to happen here interesting to see not only what dropbox's numbers are profitability-wise, because the premium model has fallen out of favor, to what extent are they still latched into that, but also how investors react to those numbers once we see them >> yeah. i mean, if they are filing confidentially for a u.s. ipo, one would think they think the market is somewhat supportive of the most recent valuation. >> that or they have no choice >> fair enough, this is true >> headlines on motivation let's get to the santelli exchange and rick at the cme hey, rick. >> hi, carl. let's get a couple things out of the way before we get to the meat of this stop. yesterday germany had a bund aucti

cloud storage heavyweight dropbox just secured at six hundred million dollars line of credit but expected to make its initial public offering in march or april. timesharing giant b.m.p. says it will be ready for an i.p.o. this year but it's likely to hold off. another note the i.p.o. may be extremely profitable self and make a show yomi which just booked a billion dollars in profit for two thousand and seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health than is which hopes to raise at least five billion year is one of the biggest flotations in gemini's history. and of course these days companies aren't just turning to stock markets to raise capital they're printing their own money in a way initial calling offerings r i c o's a new crypto currency is trend especially among startups by buying digital tokens you could help give a company the kick start it needs go to our website www dot com slash business and read all about the riches and the ruin that can come from investing in i.c.a.o. . and because it is showing its vol

dropbox will come to market claiming annualized sales of more than $1 billion.lity catching up with the struggling rival h&m as the japanese clothing chain expands overseas, creating a new threat for the swedish retailer. operating robert margin of the largest clothing retailer in asia widened more than 10% on the 12 month basis for the first time since 2015. retailing shares touched a two-your hide in tokyo trade on that news. that is your business flash. manus: let's talk about donald trump, he has triggered a round of accusations of racism after reports of a foulmouthed outburst about immigrants. the present -- president said to have made the comments about haiti, el salvador and african nations as he questioned senators in the oval office. is still with us. here we are, more rhetoric from the oval office being jumped on by media outlet in regards to immigration. but if we set the table for 2018, our last guest, simon french, suggested it was very much about the midterms and very much about trade. that should be a bigger focus for all of us. agree? yes, i agr

cloud storage heavyweight dropbox just secured at six hundred million dollars line of credit but expected to make its initial public offering in march or april. timesharing giant b.m.p. says it will be ready for an i.p.o. this year but it's likely to hold off. another note to i.p.o. may be extremely profitable self and make a show you me which just booked a billion dollars in profit for two thousand and seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health than is which hopes to raise at least five billion here is one of the biggies for taishan xin gemini's history. and these days there are other the initial public offerings for companies to raise funds there are also initial court offerings or i c o o's the new cryptocurrency trend especially among startups twelve website e.w. dot com slash business and read all about the opportunities and pitfalls of cryptocurrency bitcoin has taken a big dive after its story took a new twist it around twelve and a half percent today two hundred fourteen thousand u.s. dollars the drop c

dropbox offers filesharing and cloud storage services.racking down hong kong-based company that benefited from 2017's cryptocurrency fever to the tune of a 900% stock surge. they are suspending trading in shares of ubi blockchain due to "unexplained market activity." the company, lacking in revenue and a product, reached a $3 billion market cap before concerns about executive history were raised in a story by bloomberg news. we were joined by the managing partner of connecticut capital, who started investing in bitcoin in 2013 when it saw its first major rally, and since started a venture capital firm in blockchain technology. joining us from new york, the author of the story, cory johnson. indicative oflly how the entire market is reacting to the phenomenon of bitcoin and blockchain and cryptocurrency, and i think it is important to note out if this story that the sec did step in, and i think it is a good thing they did, to investigate. there has not been any sign of wrongdoing, but they are adding guideposts, they are adding some type o

dropbox has filed confidentially for a u.s. ipo. goldman sachs and j.p.. the company is valued at $10 billion and is one of a closely watched group of private tech companies. dropbox will come to the market claiming annualized sales of $1 billion. walmart has shaken up the u.s. retail raising it starting pay rate to $11 an hour and offering staff a one-time bonus of $1000. it is capitalizing on the tax andhaul to stay competitive the company is on track for $12 billion in net income this year. it would take nine days of profit to recoup the extra spending. up that helpst farmers sell best doubles to the restaurant has raised $450 million, and that gives an evaluation of $2.8 billion. the funding highlights the lofty valuations companies are fetching. half of the biggest 10 venture deals last year were based in china. theng up, we take a look at rba's battle to fight sluggish growth and inflation. this is bloomberg. ♪ indian inflation is expected to top 5% for the first since august 2016 when cpi data for december comes out today. does this mean in terms o

a few unicorns are rumored to be considering a public debut such as spotify and dropbox. but they appear to be the exceptions. startups are still right sizing after years of raising money in what many now consider unjustifiably hig valuations. some well-known companies that did but public blue apron are trading well below their ipo prices. for "nightly business r >>> so what other trends can we expect to see play out in the tech sector next year? joining us to discuss that and more is a.b. mendez, senior research analyst at frost invest advisers. welcome back and happy new year. >> good to be here, happy new year to you too, sue. >> do you think tech will continue that performance in 2018 or is it time for a little cooling off? >> it's very interesting, tech had a great run in 2017, 2016 as well. but as strong as tech was in 2017, as we look at our favorite valuation metrics, price to earnings, price to cash flow, tech really has -- the cash flows have grown so rapidly, the companies have delivered so much value, that a lot of that run has been justified and on a valuatio

public at the end of the year its rival may wait until twenty nineteen cloud storage heavyweight dropbox just secured a six hundred million dollar line of credit but it's expected to make its initial public offering in march or april home sharing giant air b.n. b. says it will be ready for an i.p.o. this year but it's likely to hold off. another notable i.p.o. may be extremely profitable cell phone maker show me which just booked a billion dollars in profit for twenty seventeen. not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health and ears which hopes to raise at least five billion euros one of the biggest flotations in germany's history. well let's look forward to this year let's bring in our financial correspondent don the copa joins us from frankfurt down there was one of those i.p.o.'s we just heard about in the report is the most eagerly awaited over that fanfic. well it's certainly going to be a very interesting i feel old year of two thousand and eighteen get i guess what the frankfurt perspective to i.p.o.'s are really in

cloud storage heavyweight dropbox just secured at six hundred million dollar line of credit but expected to make its initial public offering in march or april. timesharing giant b.m.d. says it will be ready for an i.p.o. this year but it's likely to hold off. another notable i.p.o. may be extremely profitable self and make me wish just booked a billion dollars in profit for two thousand and seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health than is which hopes to raise at least five billion year is one of the biggest for taishan xin germany's history . is there on the initial public offerings as a way for companies to raise funds there are also initial offerings or. a new cryptocurrency trend especially among startups. slash business and read all about the opportunities and the pitfalls. the cryptocurrency big coin is taking a big dive after its story took a new twist it's shared around twelve and a half percent today two hundred fourteen thousand u.s. dollars a drop came off to south korea's financial watchdog said i

cloud storage heavyweight dropbox is also expected to make its initial public offering in spring and there's at least one big german i.p.o. on the horizon as well as the men's medical technology unit health and he is hopes to raise at least five billion euros in march according to sources a little earlier i asked our financial correspondent daniel cope in frankfurt which of these i.p.o.'s is getting investors especially excited. well it's certainly going to be a very interesting i feel old year of two thousand and eighteen get i guess where the frankfurt perspective to i.p.o.'s are really interesting if really this saudi arabia company this giant is going to go to the global financial stock markets every investor here in frankfurt will be keeping a very close eye on this many are calling and saying that this i.p.o. could really decide in which future saudi arabia is really going to go and also had been saddam and the crown pins off saudi arabia knows that also his reputation is really on the edge he has been trying in the past to open his country also more for foreign investment and

public at the end of the year its rival may wait until twenty nineteen cloud storage heavyweight dropbox just secured a six hundred million dollar line of credit but it's expected to make its initial public offering in march or april home sharing giant air b.n. b. says it will be ready for an i.p.o. this year but it's likely to hold off another notable i.p.o. may be extremely profitable cell phone maker show me which just booked a billion dollars in profit for twenty seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health and ears which hopes to raise at least five billion euros one of the biggest flotations in germany's history. in the south african city of cape town water levels and local reservoir dangerously low as the area is struggling with the worst drought in living memory the city has now imposed what the coles level six was directions that means no irrigation for gardens of fields no refilling of swimming pools washing of causes also prohibited but the whole region which is home to run four million people could s

dropbox with a public offering in the u.s. jpmorgan has and valued at $10 million.hers forecasting airfares this year. the number two airline in the u.s. is expecting revenue to quarter.he first that will be the biggest gain in almost four years. slumped to its lowest after a south korean clampdown. the world's most active cryptocurrencies markets. and that is your business flash update. >> still ahead, bitcoin regulation. next. this is bloomberg. ♪ >> this is "bloomberg markets." i am vonnie quinn. >> and i am shery ahn. according to the dean of wall street lawyers, records policy comes as banks are helping investors fed in virtual currencies. what has been convinced? he believes the oversight council should record dating efforts to regulate bitcoin. the reason this is interesting they pute in december, out a 150 page annual report, and bitcoin had one paragraph in it. , butdownplayed the risks the survey was based on 2015. as you know, cryptocurrency surged, and everything is way different. we talked about goldman sachs building a cryptocurrencies desk. also, isn'

cloud storage heavyweight dropbox is also expected to make its initial public offering in spring and there's at least one big german i.p.o. on the rise and siemens medical technology unit health than is hopes to raise at least five billion euros in march according to some sources now let's talk to financial correspondent daniel cope with standing by in frankfurt daniel which of these i.p.o.'s is especially capturing investors attention there. well garrett is really going to be a very interesting a year also in this is will be looking very closely at all those tech companies that are trying to enter the stock markets because those i.p.o.'s always considered his very unpredictable but the i.p.o. everybody here at the stock markets and also worldwide will be monitoring very closely is the one from our marco in saudi arabia many investors are telling me that really the future of saudi arabia depends on how successful this i.p.o. lounge is going to be lots of pressure also for more mid been on the crown prince of saudi arabia he has been trying to open the country in the past more for for

it could be a big year aramco,s here and saudi dropbox, and spotify are among the companies that could markets. we are rejoining erik schatzker. k: who knows more about ipo's and the president of the new york stock exchange? >> it is good to be on and good to be back. the ipo train has not been running at the pace he would like. let's talk about the efforts the new york stock exchange has made to solicit listings outside of america. >> sure. i hate to argue with you off the bat, but the ipo train is chugging along. heart of the reason that people may not know that is it is happening in davos. in january we will have the most capital ever raised in the history of the new york stock exchange. five ipos raising $700 million or more. we have the largest latin american ipo technology yesterday. is a huge success. there are a lot of exciting private companies that could likely be public companies. part of what i'm doing is going from meeting to meeting, not only with policy makers, but with the exciting pre-ipo companies. erik: all of the attention is what is happening with aramco, but let's

to be able to collaborate effectively, messaging, things like slack, files, like google drive and dropboxe is a huge gap left around who is doing what by when and having the clarity you need to have responsibility tracked well, for everyone to know what the plan is. we are tracking it. this huge ascent -- this huge market that asana is leading. emily: you're focused on calendaring and scheduling? justin: what are the steps now left between a call pushing your goal? who is responsible for -- what are the steps that are left now between accomplishing your goal? who is responsible for what? people spend an enormous amount of time on email and meetings and tasks and status updates. all this work about work, just to get everyone on the same page. asana gives everyone that clean same page so everyone can see exactly what needs to happen. how much more do you think you are effective than you were before? customers report an average of 45% improvement in what they are able to accomplish, which seems like a staggering improvement. emily: we often talk about whether certain businesses are a zero-su

we're going to the "takea"takea" long awaited ipo from dropbox. for a controversial public offering at long last. remember, it was founded 12 years ago. noteworthy, the first ipo apparently from the portfolio. also noteworthy publicly traded rival, box, rallied nearly 4% today. michael, is the first of a 2018 ipo wave >> it could be obviously, maybe four or six of the big ones, everyone assumes it's a when, not if they come public also interesting that box rallied. i think one of the things it will do, dropbox being public, it's going to create the other comparable company, give somebody an idea to back into what icloud worked within apple. you know, the game starts when you have one of these dominant players. i also happen to think, though, a certain mystique builds up around thee companies that stayed private a long time. >> yes, totally. >> once it becomes public -- >> the mystique is gone. >> that's kind of a funny factor. >> box, itself, experienced that. >>> next, president trump renewed his call for an internet sales tax last night remarks

recode reporting surveymonkey is expected to make its debut sometime this year spotify and dropbox have. yesterday as part of my fortt knox pad cast, i talked about nasdaq's role in all this. >> u.s. capitol markets are the most diverse and deep markets in the world, they're incredible markets for companies that are looking to raise capital, no doubt about it we want to make sure we stay competitive globally and that we find an inviting environment companies today have many more options on raising capital they don't have to go public they can find other ways and means to raise capital in some respects we want to make sure from a competitive perspective that nasdaq and the u.s. public markets in general stay as competitive as possible so that every investor in the country has an opportunity to invest in these growth companies and not just those who have access to the private markets. >> she is spending a bit of time in silicon valley, as you might imagine, gearing up for some of those. we talked about a bit about some of the questions she's getting this year from companies looking to go

the end of the year its rival may wait until two thousand and nineteen cloud storage heavyweight dropbox just secured at six hundred million dollar line of credit but expected to make its initial public offering in march or april timesharing giant b.m.d. says it will be ready for an i.p.o. this year but it's likely to hold off. another notable i.p.o. may be extremely profitable self and make me wish just booked a billion dollars in profit for two thousand and seventeen not to be left out there's at least one big german i.p.o. on the horizon siemens medical technology unit health than is which hopes to raise at least five billion year is one of the biggest for taishan xin gemini's history. i spoke to our financial correspondent in singapore in frankfurt about this i started by asking him why asia is the main driver in the u.s. economy is doing so well in so many big tech companies a home to silicon valley. well two things out first of all ben china is going to be lifting a barrier. major owners selling their shares of state owned companies so we'll probably see a slew of that happening ov

public at the end of the year its rival may wait until twenty nineteen cloud storage heavyweight dropbox just secured a six hundred million dollar line of credit but it's expected to make its initial public offering in march or april home sharing giant air b.n. b. says it will be ready for an i.p.o. this year but it's likely to hold off. another notable i.p.o. may be extremely profitable cell phone makers show me which just booked a billion dollars in profit for twenty seventeen. not to be left out there's at least one big german i.p.o. on the horizon zimmerman's medical technology unit healthy nears which hopes to raise at least five billion euros one of the biggest flotations in germany's history. this week the c.e.o.'s takes off in las vegas it's one of the most important consumer electronics shows in the world nearly four thousand and seventy is the crowd the conventional was and while all things digital of course takes center stage analog audio is making a big comeback producers of high end audio systems are profiting from a resurgence of the humble record player not so humble it tu

dropbox filing to go public. lot of people expect the ipo market and amend a market to heat up in 2018. supermodel cindy crawford reinventing a classic. ♪ maria: she is re-creating her iconic super bowl ad coming up in a couple weeks. the top story this half-hour, immigration, talks between the white house and bipartisan group of lawmakers are modeled following donald trump's question why america would admit people from temporary protected status nations and african nations into the visa lottery system. the commander-in-chief said why are we having all these people from expletive countries come here? white house press secretary sarah huckabee sanders weighed in on this, nancy pelosi marked the lack of diversity. >> there has not been a deal reached yet but we think we can get there and we are focused on trying to make sure that happens, the president has been clear what his priorities are. >> you open a hamburger stand, understanding the issues, the ability to translate policies in the lives of people, the sensit

switching gears completely, dropbox, a filesharing company, filing for going public.he year, drop box, $1 billion in sales. blue apron bombed and snap fell below its valuation, ipo valuation by the end of the year. wall street is getting up for dropbox, this is the cloud computer, servers in the sky. they have half 1 million customers and couldn't say that for a bunch of ipos that went public. stuart: one of these days i will get to you and tell you all about it. there is another big ipo coming this year. what is this narrowing potential? ashley: the world's biggest ipo, 5% stake in saudi arabia could generate $100 billion and end up with a valuation of $2 trillion, they narrowed it down to hong kong, london and new york on the international side and also on the saudi stock exchange there is a thought that they could use one, two or three of those locations as positives, it is so huge they want to get it done by late this year. stuart: a bet on the future price of oil. liz: ten times the market value. ashley: it is big. stuart: an old joke. liz: never gets old. stuart