Seeking Alpha

Enterprise cloud storage leader Box reportedly files for IPO

  • Enterprise cloud storage/file-sharing leader Box has confidentially filed for an IPO, a source tells Quartz. The scoop comes 2 1/2 months after the WSJ reported Box had hired Morgan Stanley, Credit Suisse, and JPMorgan to take it public in an offering that could raise up to $500M.
  • Box obtained funding late last year at a ~$2B valuation, and rival Dropbox (less enterprise-focused than Box) reportedly scored funding at a ~$10B valuation this month.
  • Public investor enthusiasm for enterprise cloud software/services plays remains as strong as ever. A slew of major enterprise cloud names shot higher today in response to ServiceNow's strong Q4 results and guidance.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector