by louhong on 1/23/15, 12:25 AM with 25 comments
by mikeyouse on 1/23/15, 12:46 AM
Online-storage company Box Inc. priced its initial public offering at
$14 apiece late Thursday, above expectations, according to a person
familiar with the offering.
The deal raised $175 million by selling 12.5 million shares, according
to the person. The company had been looking to sell 12.5 million shares
in the range of $11 to $13 a share, according to a regulatory filing.
Box’s IPO comes roughly 10 months after it publicly filed for an IPO.
Those plans were postponed amid a drop in demand for technology
stocks, and in the ensuing months it turned to the private market to
raise additional funding.
Box plans to start trading Friday on the New York Stock Exchange
under the ticker “BOX”.
The deal is being led by Morgan Stanley, Credit Suisse
and J.P. Morgan.
(Hope it's okay to Mirror here)by 7Figures2Commas on 1/23/15, 1:09 AM
> At that price, the company will still be valued at $1.7 billion, but it is well below the $2.4 billion valuation sold to investors in a financing round last summer.
The float looks small though, so there's hope for last round's muppets.
[1] http://dealbook.nytimes.com/2015/01/22/online-storage-provid...
by bruceb on 1/23/15, 1:29 AM
by loosescrews on 1/23/15, 12:55 AM
Most of what I hear about them is related to their IPO or recruitment.