Cloud Computing: Box Restarts IPO Process
January 9, 2015
Grazed from WSJ. Author: Douglas MacMillan.
After months of delays, the initial public offering for online storage company Box Inc. is finally a go. Box said Friday that it plans to register as many as 14.4 million shares, expected to price between $11 and $13 a share, and sees raising as much as $186.9 million. It began its road show pitching the stock to investors, putting it on track to have its shares trading by the end of January.
The company plans to list on the New York Stock Exchange under the symbol “BOX.” The IPO would value Box at more than $1.5 billion. The company said in its filing that it expects to receive about $134.3 million in net proceeds that it plans to use for general purposes…
Box filed for an IPO in March and later delayed its plans amid weakening demand for business-software stocks and skepticism stemming from the company’s high rate of spending on sales and marketing…
Read more from the source @ http://www.wsj.com/articles/box-inc-expects-to-raise-up-to-186-9-million-in-ipo-1420805949