Box plans to raise $187mn via IPO
12/01/2015 17:39
Popular cloud storage startup Box on Saturday said that it is all set to go public as it just kicked off its Initial Public Offering (IPO) road show announcing the price of its shares and making some amendments to its documents on Friday, as per the media reports. Box said that it would be issuing 14.4 million shares priced between USD 11 and USD 13, which would peg its value at USD 1.43 billion. The figure is considerably lesser than the USD 2.4 billion valuation it received after its last round of investor funding the past summer, reported media. "We're incredibly excited for the coming year and the next phase of Box's growth. As always, our goal is to deliver amazing technology that transforms the way individuals and businesses work," Box said. Box first filed to go public last spring but postponed its market debut because the markets saw investor sentiment on sudden tech startup stocks, sour. Since then, Box has waited for the right time to make a debut.
12/01/2015 17:39
Popular cloud storage startup Box on Saturday said that it is all set to go public as it just kicked off its Initial Public Offering (IPO) road show announcing the price of its shares and making some amendments to its documents on Friday, as per the media reports. Box said that it would be issuing 14.4 million shares priced between USD 11 and USD 13, which would peg its value at USD 1.43 billion. The figure is considerably lesser than the USD 2.4 billion valuation it received after its last round of investor funding the past summer, reported media. "We're incredibly excited for the coming year and the next phase of Box's growth. As always, our goal is to deliver amazing technology that transforms the way individuals and businesses work," Box said. Box first filed to go public last spring but postponed its market debut because the markets saw investor sentiment on sudden tech startup stocks, sour. Since then, Box has waited for the right time to make a debut.
