Dropbox, the cloud sharing storage company, is preparing to make its public offering during March this year and could be the largest software IPO since Snap floated Snapchat at the beginning of 2017. It would also signal a recovery for software IPO’s in 2018. Spotify, another software company is valued at $8.5 billion from its many private investments, is planning an IPO during 2018 as well.

Dropbox is expecting to float publicly at a value greater than the $10 billion valuation it was given during its last private offering. The Dropbox IPO is represented by Goldman Sachs and JPMorgan. The Dropbox business model has changed from its original concept, where it started out as a file storage facility. The model was not portable and changed its model to business, where it provides larger storage facilities to businesses as well as access to the millions of private users as a contact point for advertising.

Dropbox is 10 years old, and this exit will signal a great win for the select group of investors that funded Dropbox in its 10-year struggle to reach this momentous occasion. Dropbox hasn’t succeeded in raising any funds since 2014. Its private investors are Sequoia, Accel, Index Ventures and Y Combinator, where Y Combinator will enjoy its first IPO through Dropbox.

Dropbox claims to have reached over $1 billion in sales and is presenting a positive cash flow to the SEC. The filing remains secret, which is allowed according to the JOBS Act, that allows companies to make reports public only 15 days before the IPO.