Saturday, January 10, 2015

Box, a Data Storage Provider, Seeks Up to $162.5 Million in I.P.O. - NYTimes.com

Another example of the new IPO math

"Box, the online data storage provider, disclosed on Friday that it was seeking to raise up to $162.5 million in its initial public offering, as the company embarked on a road show for potential investors. (If demand proved high, the company could sell additional shares and raise up to $186.9 million.)

In an amended prospectus, Box said that it planned to price its shares at $11 to $13 a share. At the midpoint of that range, the company would be valued at about $1.4 billion — less than the valuation the company fetched in a private $150 million fund-raising round last summer. (The company has said that its valuation was adjusted as the stocks of publicly traded peers declined.)"
Box, a Data Storage Provider, Seeks Up to $162.5 Million in I.P.O. - NYTimes.com
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