Box Moves Ahead With IPO, Sets Dual-Class Stock

By | January 9, 2015

Scalper1 News

Cloud data-storage service Box is moving ahead with its planned initial public offering, aiming to raise up to $186.9 million, at a valuation much smaller than rival Dropbox. Los Altos, Calif.-based Box, in a regulatory filing Friday, said it plans to offer up to 14.4 million shares at an expected pricing range of 11 to 13 a share. The midpoint values the company near $1.55 billion, smaller than the $2.4 billion figure in its original IPO filing Scalper1 News

Scalper1 News