Box, a Cloud Storage Firm, Plans I.P.O.
March 25, 2014
Grazed from NYTimes. Author: Quentin Hardy.
Box, an online storage service that aims to become an essential part of the cloud computing-based business, on Monday released financial data before a public offering. Many more cloud businesses, for both business and consumers, are expected to follow this year.
Box, based in Los Altos, Calif., said in an S1 document filed with the Securities and Exchange Commission that it planned to raise up to $250 million in its initial public offering. In a recent round of private funding, Box was valued at $2 billion, but would most likely be worth several times that after the I.P.O…
Box’s service — the ability to store and share files from both personal computers and mobile devices like smartphones and tablets — is a hot area in technology for businesses because it makes collaboration and information-sharing easier from any location. Besides Box, companies like Dropbox, Google, Amazon and Microsoft are all in the online storage business…
Read more from the source @ http://www.nytimes.com/2014/03/25/technology/box-a-cloud-storage-firm-plans-ipo.html?_r=0
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