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.

@tracehagan
Published Thu, Feb 14 2013 3:03 PM CST   |   Updated Tue, Nov 3 2020 12:24 PM 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 | TweakTown.com

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 SOURCE:thenextweb.com

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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