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Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

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Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

#23

Post by jedberg »

acchow wrote: post #8
jedberg wrote: post #5

$250M feels tiny for a tech IPO (and for an IPO in general). Does anyone have any data around this?

They are looking to issue $250M worth of stock. That's not their valuation.

I understand that, but even that feels low.

Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

#24

Post by _delirium »

jedberg wrote: post #5

$250M feels tiny for a tech IPO (and for an IPO in general). Does anyone have any data around this?

It's reasonably large, I think. If it were in 2013, it would've been around the 5th largest tech IPO of the year, according to: http://www.pwc.com/gx/en/technology/publications/global-tech...

Nowhere near Twitter's $1.8 billion, of course, but sub-$100m IPOs also happen, e.g. Aerohive filed for an expected $75m offering last month: http://techcrunch.com/2014/02/13/aerohive-networks-files-for...

Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

#25

Post by bigchewy »

PeterisP wrote: post #22

Is their product actually competitive? I had tried it once long ago, but currently I don't see any particular niche where it'd be superior to dropbox/google drive/onedrive/whatever. What am I missing here?

applications / companies that have security requirements, e.g. healthcare needs BAAs to be signed and Box will do that whereas the rest (of the big players) generally do not

Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

#26

Post by orware »

Actually a lot of this is surprising for me...I have a buddy that works there right now and while I knew there were bleeding some cash from articles I had read, I was under the impression that they actually were doing better than that financially.

The close to 1000 employees is also fairly surprising, but I would agree that it would mostly be on the sales side.

Re: Box files for $250M IPO on full-year revenue of $124M, net loss of $168M

#27

Post by lukevdp »

oxyboy wrote: post #4

Read this as throwing in the towel with Google announcing cheaper storage plans last week with renewed emphasis on the enterprise mkt?

It takes a bit longer than a week to organise an IPO, my guess is it's been on the cards for a lot longer
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