×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: web | storage | Box | IPO

Web Storage Provider Box Plans $250 Million IPO

Monday, 24 March 2014 05:37 PM

Online storage provider Box is the latest rapidly growing Silicon Valley company seeking to strike it rich in the stock market.

The Los Altos, Calif., company took its first step toward making its market debut with a Monday filing for an initial public offering.

Box Inc. indicated it hopes to raise $250 million in its IPO, although that figure usually changes as investment bankers gauge investor demand.

The documents didn't set a price range for the shares or how much stock will be sold. Those details usually emerge as the IPO nears completion, a process that often takes three to four months.

Box says more than 25 million registered users store documents and other content on its service. The company lost $169 million on revenue of $124 million last year.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InvestingAnalysis
Online storage provider Box is the latest rapidly growing Silicon Valley company seeking to strike it rich in the stock market.
web,storage,Box,IPO
130
2014-37-24
Monday, 24 March 2014 05:37 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved