The IPO surge continues in the US, this time with cloud storage company Box deciding to go public

Jay Soloff

Argonath Financial

The IPO surge continues in the US, this time with cloud storage company Box deciding to go public. Both Box, and it's closest rival Dropbox, were expected to go public this year. Box is reporting 25 million users compared to an alleged 200 million users for Dropbox. Although, Box has stated its strategy is to go after specific industries such as health care, financial services, and education. Box's latest annual revenues are just under $125 million, but net losses are close to $170 million. The company aims to raise $250 million through its IPO which would value the company at more than $3 billion. Is a company that just lost $170 million worth $3 billion? Once again it's all about growth potential. I believe the opportunity for growth is there, but it's the intense competition that worries me the most.

1 topic

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment