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by mikeyouse
4161 days ago
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There isn't much content in the article worth getting around the WSJ Paywall; 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.
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Facts: Box, online storage co, CEO A. Levy, IPO set for xx/xx/20xx, previously raised $175M in x rounds, looking to raise $175M at PO, shares priced at $14, Underwriter is JPM.
Opinion: Blah Blah Blah