Friday, January 23, 2015

Box Bolts Higher After Delayed Public Debut (Forbes)

BOX is up ~66% as I type this; Irrational Exuberance 2.0 is now official... Also see Box’s IPO Could Rain All Over Microsoft’s Comeback (Wired)

"It may have taken longer than anticipated, but Box's debut as a public company is off to a rousing start.

Shares of the cloud storage firm opened for trading at $22 Friday, a 57% pop from its $14 IPO price. The company sold 12.5 million shares to raise $175 million (underwriters led by Morgan Stanley MS +0.08%, Credit Suisse and JPMorgan Chase JPM -0.47% have the option to purchase another 1.9 million shares to lift the total proceeds from the deal to just over $201 million)."
Box Bolts Higher After Delayed Public Debut
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