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Dropbox Inc. (NASDAQ: DBX) is all set to enter the market on Friday. The company announced that it would be pricing its 36.0 million shares at $21 apiece, above the expected range of $18 to $20, with an overallotment option for an additional 5.4 million shares. The expected range originally was $16 to $18 per share. At this price, the entire offering is valued up to $869.4 million.

Also at this price, Reuters is valuing Dropbox’s total market cap at roughly $9.18 billion.

The underwriters for the offering are Goldman Sachs, JPMorgan, Deutsche Bank, Allen, Merrill Lynch, RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray.

Overall, this offering does have a complex structure, starting with the company offering 26.8 million shares and selling shareholders offering the remaining 9.2 million shares. For a more in-depth look at the structure check out our previous coverage of the offering.

This company is a global collaboration platform, with which more and more of this content is created, accessed and shared with the world. It serves more than 500 million registered users across 180 countries.

Ultimately, management believes the need for its platform will continue to grow as teams become more fluid and global and content is increasingly fragmented across incompatible tools and devices. Dropbox breaks down silos by centralizing the flow of information between the products and services its users prefer.

In a recent SEC filing, Dropbox detailed its finances as follows:

Our revenue was $603.8 million, $844.8 million, and $1,106.8 million in 2015, 2016, and 2017, respectively, representing an annual growth rate of 40% and 31%, respectively. We generated net losses of $325.9 million, $210.2 million, and $111.7 million in 2015, 2016, and 2017, respectively. We also generated positive free cash flow of $137.4 million and $305.0 million in 2016 and 2017, respectively, compared to negative free cash flow of $63.9 million in 2015.

The company intends to use the net proceeds from this offering to pay down its debt, with the remainder going toward working capital and general corporate purposes.