Box, a cloud storage firm, plans IPO

Posted online March 26, 2014 | 6:25 am

The New York Times reports that online storage service Box is moving to make an initial public offering, triggering other cloud businesses to do the same later this year.

The company stated in a document filed with the Securities and Exchange Commission Monday that it plans to raise up to $250 million with its IPO.

The company is currently valued at $2 billion, but is expected to be worth several times more than that after the IPO.

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