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.

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