Home › Box to raise up to USD 187 mln in IPO
 

Keywords :   


Box to raise up to USD 187 mln in IPO

2015-01-12 09:20:00| Telecompaper Headlines

(Telecompaper) Cloud storage provider Box is moving ahead with its IPO plans. The company said it plans to sell 12.5 million shares for USD 11-13 each. With an over-allotment option to sell another 1.875 million shares, Box could raise a maximum USD 186.9 million. The shares will be listed on the New York Stock Exchange. The company said it plans to use the proceeds of the offering for general corporate purposes, including working capital, operating expenses and capital expenditures. According to its most recent figures, Box generated a net loss of USD 129 million in the nine months to October, on revenues of USD 154 million. 

Tags: box usd raise ipo

Category:Telecommunications

Latest from this category

All news
»
05.10Hurricane Leslie Graphics
05.10Hurricane Leslie Forecast Discussion Number 11
05.10Hurricane Leslie Wind Speed Probabilities Number 11
05.10Hurricane Leslie Public Advisory Number 11
05.10Summary for Hurricane Leslie (AT3/AL132024)
05.10Hurricane Leslie Forecast Advisory Number 11
05.10Hurricane Kirk Graphics
05.10Hurricane Kirk Forecast Discussion Number 23
More »