Including restricted stock units, the valuation would be about $7.6 billion.
The midpoint of those pricing estimates mean the company would be valued at $7.5 billion (£5.4 billion).
Starting out as a free service to share and store photos, music, and other large files, Dropbox is now competing with the likes of Google, Microsoft, and Amazon, as well as cloud storage rival Box. -- who have both traded below their last private valuation - are fresh in investors' memories.
The company has also revealed that Salesforce.com Inc.'s venture capital arm is set to buy an additional $100 million worth of stock immediately after the IPO.
The file-sharing company is marketing 36 million shares of Class A common stock for $16 to $18 apiece, according to a filing with the US Securities and Exchange Commission Monday. Arash Ferdowsi, co-founder and director, will hold 8.8 percent of the shares. And Salesforce has been an investor in Dropbox since 2014, so a closer relationship between the two cloud firms is not surprising.
Dropbox company has touted its business as a path to unleashing creative energy and inspired work.
Dropbox has over 500 million registered users across more than 180 countries globally, but only 11 million of those users are paying.
The terms announced on Monday effectively kick off the company's roadshow, where executives and bankers will market the deal to investors. Like Uber, the company has yet to turn a profit, having lost $111.7 million a year ago on revenues of $1.11 billion. The company posted revenue of $1.1 billion on a net loss of $111.7 million. Instead, the company's shareholders will most likely see the value of their shares fall when Dropbox, under ticker symbol DBX, begins trading on the Nasdaq. This list includes the likes of Goldman Sachs, JPMorgan, Deutsche Bank, Allen, Merrill Lynch, RBC Capital Markets, Jefferies, Macquarie, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray.