Box IPO values data storage provider at $1.67 billion

(Reuters) - Box Inc's shares have been priced at $14, an underwriter said, valuing the online data storage provider at about $1.67 billion in one of the most hotly anticipated technology IPOs in recent months. At that price, the company's initial public offering raised about $175 million. Box is selling all of the 12.5 million Class A common stock in the offering, one of the most eagerly awaited IPOs since the blockbuster debut of Chinese e-commerce giant Alibaba Group Holding Ltd in September. Box, led by 29-year-old chief executive Aaron Levie, offers 10 gigabytes of free online storage and charges fees for additional space.



via Tech News Headlines - Yahoo News http://ift.tt/15hRtPk