Online Storage Provider Box Prices I.P.O. at $14 a Share
dealbook.nytimes.com
dealbook.nytimes.com
Online-storage company Box Inc. priced its initial public offering at
$14 apiece late Thursday, above expectations, according to a person
familiar with the offering.
The deal raised $175 million by selling 12.5 million shares, according
to the person. The company had been looking to sell 12.5 million shares
in the range of $11 to $13 a share, according to a regulatory filing.
Box’s IPO comes roughly 10 months after it publicly filed for an IPO.
Those plans were postponed amid a drop in demand for technology
stocks, and in the ensuing months it turned to the private market to
raise additional funding.
Box plans to start trading Friday on the New York Stock Exchange
under the ticker “BOX”.
The deal is being led by Morgan Stanley, Credit Suisse
and J.P. Morgan.
Facts: Box, online storage co, CEO A. Levy, IPO set for xx/xx/20xx, previously raised $175M in x rounds, looking to raise $175M at PO, shares priced at $14, Underwriter is JPM.
Opinion: Blah Blah Blah
https://gigaom.com/2015/01/21/box-ipo-what-a-long-strange-tr...
> At that price, the company will still be valued at $1.7 billion, but it is well below the $2.4 billion valuation sold to investors in a financing round last summer.
The float looks small though, so there's hope for last round's muppets.
[1] http://dealbook.nytimes.com/2015/01/22/online-storage-provid...
Most of what I hear about them is related to their IPO or recruitment.
On my own I've been using them for about 5 years, give or take. I use it over Dropbox a majority of the time. I personally like Box. I think it works well enough and it has a desktop syncing client for regular customers now. Used to be exclusive to business customers IIRC, so that was one of the things people didn't like.
Their small file size limit and lack of a Linux client have prevented me from using their service.
Personally the only thing I've really had a problem with using Box is the small file size limit as well. But everything else has been smooth since starting to use it.
I have the ability to edit/create documents in Microsoft Office or Google Drive formats right in my Box account. I don't use any killer apps though. But it works well enough for nearly every use case I've had in the time I've used it, with the exception that file upload size limit is small. Might be around 100 megabytes max.
There's also versioning for files, if you need that kind of feature.
Their s-1 stated that they have 48% of all Fortune 500 companies as clients and ~44k paying clients total. No idea the seat count or per company revenue.
The actual system is inferior UI wise (personal opinion) compared to DropBox.
Sync is worse then DropBox [edit: meant, better then] Google Drive (I find Drive worse then DropBox).
As far as reliability, its top notch, but I can't state anything on DropBox/Drive except that Drive has screwed up version control at a prior company.
Second biggest failing: Its own "collab" format is horrible (think google docs, etc.). Very poorly done.
Its biggest failing: No tree view. You can't "expand" folders.
That is ludicrous and makes it extremely hard to navigate. We'll have VP's joke about how they gave up on finding stuff, and just email a group to find X / Y doc / presentation, etc.
Its permissions need work, but overall decent.
Summary: as far as Enterprise level software? It does pretty well, and far less buggy then most things that get plugged into AMS (asset management), Content management, Project Management (several) systems.
If you are viewing folders, look at the bread crumb navigation. The first bread crumb will have drop down arrow which gives you a folder tree view. This tree also has search.