Box reportedly prices IPO at $14 a share

Box, the cloud computing storage firm, plans to go public Friday with a price of $14 a share, raising around $175 million, according to multiple reports.

The pricing was a bit higher than the $11 to $13 range Box had provided in a Securities and Exchange Commission filing Thursday

The company will use the ticker symbol "BOX" on the New York Stock Exchange. The company's valuation will be around $1.6 billion

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Originally a school business project of CEO Aaron Levie, Box officially became a company in 2005 when Levie incorporated the company with current CFO Dylan Smith. Though its revenues were just $21 million in 2011, Box posted $153.8 million in revenues in the first nine months of 2014 and a net loss of $121.5 million, according to the filing Read more...

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