Hacker News Reader

At the $13/share pricing, Box will be paying its previous investors back penalty shares. Apparently they promised a share price of $20. [1]

1. http://pando.com/2014/07/08/boxs-updated-s-1-contains-onerou...

View on HN

Also: they're "only" raising $100-$200m? They raised $150m a year ago when they punted on the IPO then, I believe. Is their burn rate so high that they need the money? If so, the IPO won't really buy them much time. If their burn rate is low, is right now really the peak of the market for them? It's already a "down" time to IPO, so why not wait? Are they worried that the price is going to cave in more and more? If I were looking at their stock price, that's what would scare the crap out of me.

Box's burn rate is the highest in the industry [1]. I would be surprised if they had to keep raising money or IPO or risk facing an impending bankruptcy.

[1] http://www.businessinsider.com/box-ipo-analysis-2014-3

They lost $160 million last year

Reply on news.ycombinator.com