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WSJ: Los Altos-Based Box May Delay IPO for Several Weeks
/ May 1, 2014 2:30 pm

boxonecloudBox, the Los Altos-based developer of an online file sharing and collaboration service, may delay its upcoming initial public offering (IPO) following a recent weakening in demand for technology stocks, the Wall Street Journal reported. Citing unnamed sources, the publication said the company may hold off pricing the offering for several weeks, possibly until as late as June. The revelation comes a month after Box revealed that it had filed with the Securities and Exchange Commission (SEC) to raise up to $250 million in its IPO. It plans to list its shares on the New York Stock Exchange under the symbol “Box.” The company in December raised $100 million in funding, which reportedly valued the company at around $2 billion. Backers include Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners and U.S. Venture Partners. Read more

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