Thursday, May 01, 2014

Box May Delay IPO Until June or Later - WSJ.com

Alternatively, Box could become collateral damage in the broader Amazon/Apple/Google/Microsoft cloud platform war...

"Box's high cash-burn rate means it can't afford to delay an IPO indefinitely. Box burned through $92 million more in cash than its business brought during the year ended Jan. 31, and the company had $109 million in cash at that point.

As an alternative, Box could explore a sale to a tech giant, said Jeff Sica, president at Sica Wealth Management. He says Microsoft and Apple Inc. are potential candidates to mount a takeover, and estimates Box's IPO would give it a valuation of less than $5 billion.

Spokesmen for Apple and Microsoft declined to comment."
Box May Delay IPO Until June or Later - WSJ.com
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