- 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.
Enterprise cloud storage leader Box reportedly files for IPO
Jan 30 2014, 18:40 ET