Enterprise Cloud-Storage Firm Box Aims To Raise $250M In Its IPO

Box, a cloud storage service for business, filed with the SEC to raise up to $250 million in an initial public offering. While going public could give the young company a credibility boost and a currency—i.e., options and shares—for acquisitions and employee recruitment, Box is seeking a smaller sum in its IPO than its rival Dropbox has recently raised from private investors.

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