Box still on track for IPO, but picked the wrong time to file


Box CEO and co-founder Aaron Levie spoke to Bloomberg Television on Thursday and shared a few details regarding Box’s much-delayed IPO plans, saying the company “should not have filed when we did.”

A week after Box filed to go public in March, “there was a bit of a market correction in the tech-stocks space,” Levie told Bloomberg reporter Emily Chang, and the company felt it wasn’t the right time to go public.

Levie explained that by summer, the private-equity firm TPG Capital and hedge fund Coatue Management “were willing to and interested in supporting the customer—company as a private company” so Box took a $150 million investment to continue growing without having to do an IPO.

Regarding Box’s plans to eventually go public, Levie said “that’s the path we’re on,” but he was mum on the details as to when that would happen.

When asked what Levie thought…

Ver la entrada original 60 palabras más



Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de

Estás comentando usando tu cuenta de Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s