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Mega looking to hold round of investment in 6 months, IPO could come in 18

Mega looking to hold investment round in 6 months, possible IPO in 18

By Trace Hagan from Feb 14, 2013 @ 15:03 CST

Cloud storage provider Mega has announced that it intends to hold a "pre-IPO investment round" within the next six months. Along with the announcement, they added they could be looking at an IPO within 18 months. These announcements come at a time when Mega is growing rapidly. By the end of January, Mega reported they were hosting over 50 million files.

mega_looking_to_hold_round_of_investment_in_6_months_ipo_could_come_in_18_1

That number now appears to be closing in on 100 million just 14 days later. "#Mega is not even one month old but already hosting almost 100 million files. We need more servers. Thank you my friends ;-)" They're clearly seeing some success and this could fuel a rapid IPO.

Dotcom is clearly doing something right with this new cloud storage company. They are doing a better job of remaining just inside the law as demonstrated by their shutting down access to a search engine that didn't have a DMCA takedown policy or agent.

It remains to be seen if the US government will accept Mega as a legitimate company, but it so far looks like a good business venture.

NEWS SOURCES:Thenextweb.com


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