Wednesday , 26 June 2019
Breaking News
Box closes at $23.15 after first day of trading, up 65% after raising $175M in IPO

Box closes at $23.15 after first day of trading, up 65% after raising $175M in IPO

Box CEO Aaron Levie (center) at the NYSE for the company's IPO

Box CEO Aaron Levie (center) at the NYSE for the company's IPO

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.

Developing….

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