Box Inc. (NYSE: “BOX”), the Los Altos-based online storage company, announced the pricing of its initial public offering to raise $175m.
The company priced 12.5 million shares at $14 each via joint book-runners Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC.
Underwriters on the deal now have a 30-day option to buy an additional 1.875 million shares.
Led by Aaron Levie, CEO, Box provides more than 32 million people at 275,000 businesses with a platform to share, manage and access their content globally on the web, through iOS, Android and Windows Phone applications.
The company is backed by venture capital funds such as Draper Fisher Jurvetson, U.S. Venture Partners and Coatue Management, etc.