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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Box Publicly Files IPO 0 comments
    Mar 25, 2014 11:12 AM | about stocks: BOX

    Originally published at www.seclive.com

    Online storage company Box Inc. announced publicly it will file for an initial public offering, aiming to raise as much as $250M. The Silicon Valley-based company, founded after a college business project in 2005, posted revenues of $124.2M and net losses of $168.6M in the year ended 31 Jan while a year ago revenues were $58.8M and losses of $112.6M. Filed initially in January in the same manner as Twitter, under the Jumpstart Our Business Startups Act, the company did not have to reveal any key financial information. The company is estimated to be worth around $2B after completing a recent private funding round, and would likely be worth much more than $2B after its public offering. Joint bookrunners to the offering are Credit Suisse, JPMorgan, and Morgan Stanley.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: IPO Stocks: BOX
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