Last night, Box, Inc. (NYSE: BOX) priced its IPO $1 above the $11-$13 range at $14. The deal was 12.5 million shares and raised $175 million for the company.
Box was the subject of a lot of media speculation this week. Box was valued at $2.4 billion during its last round of funding yet is IPO’ing for considerably less than that valuation.
It got people wondering on twitter if there is a bubble in the way VC’s are funding start-ups.
An interesting article came out from Fortune Magazine stating that “companies will fail” noting that there are a handful of start-ups with $1 billion valuations.
CNBC host Jim Cramer endorsed $BOX saying that everyone should call their broker and buy the company.
Subscribers were kept in the loop all week about the demand for ‘BOX’ and when the books were closing. There are 11 deals on the schedule for next week. If you would like IPOBoutique’s comprehensive research, ratings and daily advisories…now would be the perfect time to subscribe. The track record speaks for itself and plans are available on a monthly or annual basis.
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