Cloud Computing: Box’s trading delay a sign of valley cool down
May 4, 2014
Grazed from SanJose Mercury News. Author: Heather Somerville.
The wild ride of hundred-million-dollar investments and soaring initial public offerings that opened the year for the technology industry has stalled thanks to the recent gyrations on Wall Street, forcing big-name software companies, most recently cloud storage startup Box, to rethink their market debuts.
The reluctance to go public is the latest sign that the tech sector is cooling off — which some experts say is a healthy change from the irrational levels of investments and off-the-chart valuations over the last year or more that sparked fears of a bubble. "We need a slowdown," said Stamos Venios, co-founder and managing director of San Francisco startup venture fund Data Elite. "Things are a bit over-hyped."…
Box, which sells software for businesses to store and manage files in the cloud, could have listed shares by mid-April after filing for an IPO on March 24. Instead, the 9-year-old company is waiting for the market to rebound. While there are no requirements for when a company must begin trading after it files an IPO, companies may announce pricing and begin a roadshow — when executives hold meetings with potential investors to drum up interest in their company — within 21 days of an IPO filing…
Read more from the source @ http://www.mercurynews.com/business/ci_25692407/boxs-trading-delay-sign-valley-cool-down