US-based online storage technology company Box set the range for its initial public offering on Friday between $11 and $13, and plans to issue 12.5 million shares.
The IPO would value Box at $1.55bn and would raise $162.5m if the company floated at the top of its range. If the underwriters take up the option to buy another 1.9 million shares the proceeds would increase to approximately $186.9m.
Formed in 2005, Box has built an online content storage and…
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.
