Friday , 24 May 2019
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Box hits the NYSE at $20.20 per share, popping over 40%

Box hits the NYSE at $20.20 per share, popping over 40%

Box chief executive Aaron Levie.

Box chief executive Aaron Levie.

Above: Box chief executive Aaron Levie.

Image Credit: Box

Cloud file-sharing company Box is now publicly trading on the New York Stock Exchange, debuting at $20.20 per share.

That’s translates into a nice pop for Box on its big day. Last night, the company predicted its long-delayed IPO would arrive on the NYSE at $14 a share, after originally setting the price between $11 and $13 a share earlier this month.

A Box spokeswoman sent over a statement on the news from Box’s colorful chief executive, Aaron Levie:

We’re in the midst of a profound technology shift, as businesses of all sizes move their critical information and processes to the cloud. It’s an incredible time to be building an enterprise software company, and we couldn’t be more excited about Box’s future.

The nearly 10-year-old company has already had quite a history. For starters, there’s the whole bit about postponing the IPO last year to wait for market conditions to improve.

But that aside, there’s lots more coming up, for both Box’s itself and its many competitors. So while today is significant, Levie really is right to point to the future, as the company continues to improve its finances.

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