Box, Inc NYSE Tech Stock Market Debut: (NYSE:BOX) Soars on Opening
New York NY- Point Roberts WA–January 23, 2015– (www.investorideas.com newswire) Investorideas.com, a global news source covering leading sectors including technology and tech stocks reports on the IPO and market debut of Box, Inc. (NYSE:BOX) a provider of enterprise cloud-based product platform.
Box is another big tech name that decided to list on NYSE instead of the traditional tech NASDAQ IPO.
The stock opened up strong and is currently trading at $ 22.92 up $8.92(63.75%).
They announced the pricing of its initial public offering of 12,500,000 shares of its Class A common stock at a price to the public of $14.00 per share. In addition, Box granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock to cover over-allotments.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acted as joint book-running managers for the offering, BMO Capital Markets Corp. acted as lead manager, and Canaccord Genuity Inc., Pacific Crest Securities LLC, Raymond James & Associates, Inc. and Wells Fargo Securities, LLC acted as co-managers.
Read this release in full at http://www.investorideas.com/news/2015/technology/01231.asp
Box’s mission is to make businesses of all sizes more productive, competitive, and collaborative by connecting people and their most important information. Content on Box can be securely shared and easily accessed on the web and through mobile applications, and extended to partner applications, such as NetSuite and Salesforce. Headquartered in Los Altos, CA, Box is privately held and backed by several leading venture capital firms and strategic investors. To learn more about Box, visit www.box.com.
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