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Dropbox CEO: No IPO planned just yet

Dropbox made headlines earlier this year for its $10 billion valuation, but CEO Drew Houston said Wednesday that an initial public offering isn't a priority.

"I can imagine we'll go public eventually, but we just raised a bunch of money so we have a full tank," he told CNBC at the Re/code Code Conference in Rancho Palos Verdes, California.

In February, the cloud-computing start-up raised an additional $325 million in Series B funding, according to an SEC filing.

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On "Halftime Report," Houston said that the file-storage company has been ramping up to be more business-friendly in light of new competition from the likes of Google, Microsoft and Box.

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"We spent most of the last year rebuilding the whole product to be able to do more with businesses, and today we have over 4 million businesses using DropBox," he said, adding that Dropbox's user base was up from 2 million last year.

Houston noted that the San Francisco-based company had recently opened offices in Sydney, Australia, and Dublin, Ireland, as the company looks to expand internationally. "Two-thirds of our users are outside the U.S.," he said.

Drew Houston
Source: Financial Times | Wikipedia
Drew Houston

Houston laid out a vision for Dropbox as a repository as a one-stop shop for its users' data.

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"Our vision is really to be the home for all your important stuff, at home and at work. And all of our different apps contribute to that," he said.

"So, Dropbox is the home for your files, Carousel's the home for you're your videos, Mailbox is the home for your e-mail. So, we look at all the different challenges that people have and all the things—sort of, things you don't even really notice that are frustrating. And we think about how do we make this easier, how do we make technology work better?"

By CNBC's Bruno J. Navarro. CNBC's Julia Boorstin contributed reporting.

Disclosure: NBCNews group is a minority stakeholder in Re/code and has a content sharingpartnership with it.