Above: Box CEO Aaron Levie (center) at the NYSE for the company’s IPO
Image Credit: NYSE/Twitter
Cloud file sharing company Box started its new chapter as a publicly traded entity today with a bang, closing out at $23.15, up 65 percent from $20.20, where it debuted this morning, enjoying a 44 percent pop.
Box raised $175 million in the initial public offering (IPO).
Box’s first-day performance falls right in line with recent successful IPOs from New Relic and Hortonworks.
And the news bodes well for other privately held file-sharing companies.