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Cloud-based storage provider Box files for a $250 million IPO

By: Renaissance Capital
Posted: 3/24/2014 5:41:00 PM
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Box, which provides enterprises with a cloud-based storage and collaboration platform, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The Los Altos, CA-based company, which was founded in 2005 and booked $124 million in sales for the fiscal year ended January 31, 2014, plans to list on the NYSE under the symbol BOX. Box initially filed confidentially on January 3, 2014. Morgan Stanley, Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.