Box moves forward with IPO, hoping to raise $187 million

From CNET: Data-storage service Box is back on track with its initial public offering after months of delays.

The company on Friday filed papers with the Securities and Exchange Commission indicating that it could offer as many as 14.4 million shares when it goes public. The company has yet to price the shares, but said that they could be as high as $13 per share on its IPO day. In the best-case scenario, Box could raise up to $186.9 million.

Box, which will list its shares on the New York Stock Exchange under the ticker "BOX," filed for an IPO in March, but decided to delay its plans and wait for a stronger market. The company was then said to have plans to go public in the fall, but that again didn't happen.

In the meantime, Box raised funds through private equity. The company announced over the summer that it raised $150 million from investment firms TPG Growth and Coatue Management. The investment round was said to have valued Box at around $2 billion.

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